Bitcoin / TetherUSเพิ่มขึ้น
[Bitcoin] Will the Support Zone Rebound Happen? (9/5)
Hello, this is Chartist.
Let’s briefly analyze the Bitcoin chart.
I am considering the possibility of a 'rebound' and will provide two reasons to support this view.
First, let's look at the 4-hour chart.
Last month, Bitcoin dropped to 49K and quickly rebounded.
Although there was a price correction afterward, the yellow candles acted as crucial support for another upward move.
Notably, when Bitcoin dropped on the 4th of last month, we can see it also received support at the same level.
This suggests that the yellow supply zone remains a valid support area, and as long as this support holds, a rebound is likely.
Next, let’s look at the 15-minute chart.
Bitcoin is currently moving within a specific channel, with price action forming around the middle and top of the channel.
Although there was a brief break below the channel with a red candle, if this pattern turns out to be a bear trap,
there is a strong chance of a rebound back to the middle or top of the channel.
A bear trap occurs when the market appears to be dropping but actually reverses to the upside, misleading traders.
Therefore, holding the bottom of the channel is critical, and if this fails, we need to be cautious of further declines.
< Summary >
- Reason for rebound 1 : Valid support from the yellow supply zone on the 4-hour chart.
- Reason for rebound 2 : Movement within the channel on the 15-minute chart and the possibility of a "Bear Trap".
- Caution : If the bottom of the channel fails to support, be wary of additional declines.
※ This is not a buy or sell recommendation.
※ It is a personal perspective and should be used for reference only.
※ All decisions and responsibilities are yours.
Let’s briefly analyze the Bitcoin chart.
I am considering the possibility of a 'rebound' and will provide two reasons to support this view.
First, let's look at the 4-hour chart.
Last month, Bitcoin dropped to 49K and quickly rebounded.
Although there was a price correction afterward, the yellow candles acted as crucial support for another upward move.
Notably, when Bitcoin dropped on the 4th of last month, we can see it also received support at the same level.
This suggests that the yellow supply zone remains a valid support area, and as long as this support holds, a rebound is likely.
Next, let’s look at the 15-minute chart.
Bitcoin is currently moving within a specific channel, with price action forming around the middle and top of the channel.
Although there was a brief break below the channel with a red candle, if this pattern turns out to be a bear trap,
there is a strong chance of a rebound back to the middle or top of the channel.
A bear trap occurs when the market appears to be dropping but actually reverses to the upside, misleading traders.
Therefore, holding the bottom of the channel is critical, and if this fails, we need to be cautious of further declines.
< Summary >
- Reason for rebound 1 : Valid support from the yellow supply zone on the 4-hour chart.
- Reason for rebound 2 : Movement within the channel on the 15-minute chart and the possibility of a "Bear Trap".
- Caution : If the bottom of the channel fails to support, be wary of additional declines.
※ This is not a buy or sell recommendation.
※ It is a personal perspective and should be used for reference only.
※ All decisions and responsibilities are yours.
บันทึก
This is the Bitcoin 15-minute chart.
It is currently breaking below the channel's lower boundary.
If the low is breached, there’s a possibility of a drop to the yellow supply zone, so additional caution is advised.
Please keep an eye on whether it quickly re-enters the channel.
Let me know if you need any adjustments!
※ This is not a buy or sell recommendation.
※ It is a personal perspective and should be used for reference only.
※ All decisions and responsibilities are yours.
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