[Bitcoin] Failed to break out $31k resistance.Will $28K support?

2022年5月18日

#Crack #Bitcoin #Binance #Daily

- Buy signals for inflection are shown in the rsi_candle and racd indicators, but Bitcoin failed to break out the 31K-31.6k resistance and is showing signs of hang back once again.

- In the rsi_candle indicator, the oversold signal rebounded with the appearance of a golden cross in the racd indicator, but the rebound failed, so I think we need to prepare for a further bearish trend.

- It is still difficult to have expectations for an bull trend. Even in the appearance of past auxiliary indicators, a trend reversal after a press/up appearance after a signal often appears. Therefore, I believe it is not too late to respond after showing a proper rebound.

- If a low with the bottom long tail of the candle appears in the near future, this may signal the start of a rebound. However, even if a rebound occurs, if the retest resistance at the bottom of the blue target channel located near 35k is not broken, it may show a confirmation of the 28k support again.

- The section to expect support and resistance during a bearish rend or bull trend is the same as the section described in the previous briefings.