$BTC
I didn't secretly open it, no, I didn't
The daily line has broken down, these two support levels can't rebound past 10.9, otherwise the pullback won't stop
If it doesn't drop below 10.63, then we can only watch the fluctuations
--
艾叔
--
Briefly talk about the market situation, along with technical target projections
-----------------
The weekly OBV has not exhausted, and the volume-price relationship is somewhat divergent, but there is no reason to short. The targets at the weekly level will be discussed at the end of the text, so just wait; going against the trend to short is not as good as holding the position.
There is no need to ask about shorting behavior before reaching the position. If you want to short at the 15m level when reaching resistance, go ahead; if there is pressure, you can trade with small bearish K-lines. The intraday resistance is 11.9, and the support below is 10.95. Above 10.8, we still look for new highs, and 10.6 is the position to judge whether a pullback and consolidation will occur.
Next, let's discuss the expected targets.
The AB=CD structure is a common harmonic pattern used to predict potential price reversals or continuation targets.
After a pullback to point B, the rebound's target calculations are mainly based on the geometric ratio relationships of the AB=CD structure and Fibonacci extension.
Two algorithms
12.9 13.9 15.2 17.3
As for how to calculate it, there are details in the main technical post; feel free to apply the formulas.
-----------------
The weekly OBV has not exhausted, and the volume-price relationship is somewhat divergent, but there is no reason to short. The targets at the weekly level will be discussed at the end of the text, so just wait; going against the trend to short is not as good as holding the position.
There is no need to ask about shorting behavior before reaching the position. If you want to short at the 15m level when reaching resistance, go ahead; if there is pressure, you can trade with small bearish K-lines. The intraday resistance is 11.9, and the support below is 10.95. Above 10.8, we still look for new highs, and 10.6 is the position to judge whether a pullback and consolidation will occur.
Next, let's discuss the expected targets.
The AB=CD structure is a common harmonic pattern used to predict potential price reversals or continuation targets.
After a pullback to point B, the rebound's target calculations are mainly based on the geometric ratio relationships of the AB=CD structure and Fibonacci extension.
Two algorithms
12.9 13.9 15.2 17.3
As for how to calculate it, there are details in the main technical post; feel free to apply the formulas.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
@AishuBTC