Friends, the retest I mentioned this morning is currently happening. If it can get the retest confirmation, meaning if the 92K resistance can act as support, it will continue its rise from where it left off. "My expectation is that the 92K support will hold and it will continue to rise." But of course, it is necessary to act with definite data, not expectations, so it is beneficial not to act hastily.
By the way, in my morning post, I said there could be a drop to the level of 91.250$ , and currently, it has touched the level of 91.142$ and a reaction came. For this, I would appreciate a like.
It is important for you to carefully follow my posts for this reason.
#bitcoin Let's start the day with the current outlook.
Yesterday, it managed to close above the 92K resistance zone.✔️ In fact, the close was exactly at the level of 94.270$ .
Today, it will test this resistance it broke. If the resistance acts as support, meaning if it gets a retest confirmation, our intermediate resistances will be 95K and 97.2K, with 99.5K being our main target.
In the meantime, the 92K support zone is not a level but a region, as I've mentioned before. This means that dips down to the level of 91.250$ can be considered normal.
#ETH Both #USDT and #BTC pairs continue to be priced at strong support levels. As I have said many times before, as long as these supports are maintained, there is hope. In the $btc pair, support levels dating back to 2017 in the $usdt pair, support levels dating back to 2021, which initiated bull seasons during these periods.
Let's hope that this support also initiates this bull and that it receives confirmation from support with the close of this week and begins its rise.
Friends have been challenging the continuously falling trend for about a week or ten days, but they have not been able to close the day above it. Right now, it is again positioned above the trend. If it can manage to close the day above the trend, the upward momentum will gain strength and will aim for the upper levels I indicated on the chart.
Friends have managed to rise above the 92K resistance again. It is very important to close the day above this resistance. As long as it holds above 92K, although there are interim resistances at 95K and 97.2K levels, the main target will be the 99.5K level.
Friends, since my first post where I pointed out the trend break about 3-4 days ago, there has been an increase of around 10% and it is currently pricing above the trend.
If the rise continues, our targets remain the same.
Although it has held at a strong support level of 2.125$ horizontally, it seems to be closing below the trend support that has been in place since 2021 on a weekly basis.
Closing below this support means that this support will turn into a strong resistance, and there is already a symmetrical triangle resistance at the level of 4100$ , which will create significant challenges for the process of starting an upward movement.
There is a weekend stagnation across the market. This can be interpreted as quite good as long as it holds above the 84K support, as it will strengthen this support.
Since today's close will also be the weekly close, volatility may increase in the later hours of the day.
But as I said, holding above 84K is good for now.
🟢As long as it holds above 84K, the initial target will be the 92K resistance area.
🔴Below 84K, we will follow the 78-80K range as support.
Friends broke the fall in the daily and the chart is really nice. Unless there is a negative situation on the Bitcoin side, there is no reason for the rise not to start, and in a potential rise, it will target the levels I mentioned in the chart.
Friends, #Ethereum has broken below the support from 2021 on the daily chart. If it cannot recover quickly and get back above the support before tomorrow night's weekly close, this support will turn into resistance and we will need to expect it to struggle to get above it again.
We need to keep an eye on it until we see the weekly close.
Although it has pierced our 78K support area, it has managed to hold above the 84K support. As long as it holds above this support, the initial target will be 92K levels.
As I mentioned yesterday, while everyone expects 74K and lower, I stated that I do not expect below the 78K level. My opinion remains the same. Whether there will be another dip will be revealed over time, but at the moment, there are no technical indicators suggesting that.
#STG The chart looks good, it is one of the products that has no room for movement within the triangle and is challenging the resistance. If it can close the day above the triangle resistance, a continuation of the rise can be expected. In case of a continued rise, profit-taking levels can be monitored as indicated in the chart.
#PHA One of the products challenging the falling trend. The chart looks quite nice. With a potential trend break, it will aim for the upper levels I indicated on the chart.