Hello
Friends, if you look at the 4-hour bit chart in the period of crossing the resistance of 10 thousand (which was considered a psychological resistance), on June 2, with a long candle, it reached from 10,500 to 10400, and at the end of the day, it returned just below 9500 and the bit Kevin fluctuated between 8,800 and 10,000 for about 55 days.
He could not touch above 10,000 by crossing the 9800 twice, and then went 4 times lower than the rsi30 support, and after returning from the 8800 support, he fluctuated between 9000 and 9500 for 30 days.
On August 17, the long (similar) candlestick reached 11,900 to 12,400 and returned 24 hours later, after which two attempts for 12,000 failed.
I offered this to your service because at that time my friends were saying 7,000, now they are saying 9,000.
It seems that at least until September 1, the market will not have enough volume to cross the strong 12,000, and price consolidation will be a positive sign for a price jump.
Breaking support will be tested 11100 times.
Under these circumstances, it is not appropriate to take a short position until the emotional processes are neutralized.
Thank you for taking the time to read. Good luck
Friends, if you look at the 4-hour bit chart in the period of crossing the resistance of 10 thousand (which was considered a psychological resistance), on June 2, with a long candle, it reached from 10,500 to 10400, and at the end of the day, it returned just below 9500 and the bit Kevin fluctuated between 8,800 and 10,000 for about 55 days.
He could not touch above 10,000 by crossing the 9800 twice, and then went 4 times lower than the rsi30 support, and after returning from the 8800 support, he fluctuated between 9000 and 9500 for 30 days.
On August 17, the long (similar) candlestick reached 11,900 to 12,400 and returned 24 hours later, after which two attempts for 12,000 failed.
I offered this to your service because at that time my friends were saying 7,000, now they are saying 9,000.
It seems that at least until September 1, the market will not have enough volume to cross the strong 12,000, and price consolidation will be a positive sign for a price jump.
Breaking support will be tested 11100 times.
Under these circumstances, it is not appropriate to take a short position until the emotional processes are neutralized.
Thank you for taking the time to read. Good luck