BTCUSD → The market continues to test resistance for a breakout

2023年10月19日

BTCUSD continues to make an onslaught on the key level - 28474 (28500). This area separates us from the active strengthening of the price to the next important milestone - 31411



On October 16, amid false positive news with ETF approval, the flagship cryptocurrency is testing the 30000 zone. After the false positive was determined, the market sold off some volume, but the session was on the upside. At the moment, the crypto is still experiencing a lull. There is plenty of time before BTC halving, there are few fundamental nuances at the moment, obchanges are still low, and medium and long term holders continue to hold the coin.
On the chart, I have marked several important levels and a key range. In the long term, I expect a retest of flat resistance (31411) but only after a break of 28474, which may happen after another retest. The level of 31400 separates us from the growth to 34000-40000. In principle, the area of 30000 is very actively restraining the price, but against the background of the global bullish trend, the price continues to test the area for a breakout.

Key resistance: 28474
Key support: 26700, 25400

In the long term I expect a small pullback followed by a retest of 28474, in the phase of which the price may finally break this level and mark us further growth towards 31000

BTCUSD BTC1! TOTAL TOTAL2 TOTAL3 DXY US500

Regards R. Linda!

2023年10月20日

注释

Bitcoin breaks through the resistance 28474 and initializes the next target as 31400.

But 31400 is an important level for the whole market in the medium and long term

2023年10月20日

注释

Bitcoin continues to go up and will soon test an important resistance zone for me

2023年10月21日

注释

BTCUSD breaks resistance at 28474 and rushes up. I wrote about it in the idea on Thursday. Everything is strictly according to the scenario :)

The 31411 area may be tested soon. But whether this resistance will be broken in the future, only the price reaction to the level will show

2023年10月22日

注释

Price is in for a tough round. It will have to test the resistance area for a long time for a breakout. There may be a large number of attempts, false breakdowns of the line

2023年10月23日

注释

The price breaks through 30000. At the moment the actual target is 31400 - 31500

2023年10月24日

交易结束：到达目标