[Bitcoin] End of Convergence?? Convergence extension??
#Crack #Bitcoin #Binance #Daily
- It looks like the convergence is still in progress.
- An attempt was made to break out the upper end of the convergence, but it was finished without breaking the resistance of the upper end of the convergence. Last week's strong resistance of $30,444.93 still remains.
- If the bull trend closes at $30,444.93 today while continuing the previous day's bull trend, but
Since the resistance of $30,444.93 cannot be broken out and there is a possibility of a bear trend or extension of convergence, there is still a risk to the reckless buying response that took advantage of the bull trend that appeared the previous day.
- In the short term, if it settles after breaking out the $30,444.93 resistance, it is recommended to focus on buying responses, and if it does not break out the $30,444.93 resistance, respond mainly to selling responses.
- However, there is a possibility of sudden volatility at the convergence end, so it is always necessary to set a stop loss when responding.
- It looks like the convergence is still in progress.
- An attempt was made to break out the upper end of the convergence, but it was finished without breaking the resistance of the upper end of the convergence. Last week's strong resistance of $30,444.93 still remains.
- If the bull trend closes at $30,444.93 today while continuing the previous day's bull trend, but
Since the resistance of $30,444.93 cannot be broken out and there is a possibility of a bear trend or extension of convergence, there is still a risk to the reckless buying response that took advantage of the bull trend that appeared the previous day.
- In the short term, if it settles after breaking out the $30,444.93 resistance, it is recommended to focus on buying responses, and if it does not break out the $30,444.93 resistance, respond mainly to selling responses.
- However, there is a possibility of sudden volatility at the convergence end, so it is always necessary to set a stop loss when responding.
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