#BTC remaining above the 62,275 level keeps the bullish scenario alive. If a close occurs above 65,409, the "shoulder" of an inverse head-and-shoulders (H&S) pattern could be completed; a close above 67,000 would activate the pattern, and a continuation of the uptrend could be expected. Staying above 67,000 creates the possibility of testing resistance levels at 71,000, 75,000, and 82,885.
If a close above 82,885 occurs on both daily and weekly timeframes, it would mark the first higher peak relative to the most recent downward wave. This serves as a positive signal that the uptrend is likely to continue. Failure to close above 65,409 on the 4-hour chart could lead to a decline; a close below 62,275 would reclassify the recent rally as merely a corrective bounce within a downtrend, and a continued decline would be expected. During a decline, the 59,000–61,000 range acts as a support zone (aligned with the 0.618–0.786 Fibonacci levels). This is an area where buyers might step in; if the price holds here, another attempt at an upward move could follow. If the decline deepens and the weekly close falls below 57,000, the price could test support levels in the 49,000–50,000 range.
#xauusd #Gold tested the 4038–4003 support zone (Fibonacci 0.618–0.786 levels), and a bullish candle formed. We can assess that the upward movement will resume if the price holds above 4082 on the 4-hour chart.
On the upside, once the 4220 resistance level is broken, the next resistance lies at 4382.
If the price closes above 4382, it will mark the first higher peak relative to the recent downward wave. This would serve as a signal that the uptrend is likely to continue. If the rise persists and the price stays above the descending blue trend line, it will have broken that trend line; in this scenario, further upward movement could be expected, potentially leading to a retest of the peak.
On the weekly chart, the uptrend remains intact as long as the price stays above the 3887 level.
#BTC has returned to the 63,100 level. If it holds above this level, the upward movement toward the 67,500 resistance could continue. If it breaks this resistance with high volume and closes above it, there is a possibility of testing the 71,000, 75,000, and 82,885 resistance levels. A daily and weekly close above 82,885 would mark the first higher high relative to the recent downward wave, serving as a positive signal that the uptrend is likely to continue.
If it fails to hold above 63,100, the 59,000–61,000 range acts as a Fibonacci support zone; if it finds support there, another attempt to rise could follow.
If the decline persists and the weekly close falls below 57,000, the likelihood of further downside increases, potentially leading to a drop toward the 49,000–50,000 support levels.
#xauusd #Gold : The potential for an upward move remains as the price holds the 3938 level on the daily chart. Should a pullback occur from current levels, the 4003–4038 zone represents the 0.618–0.786 Fibonacci support area. It could find buyers here and attempt to break the 4220 resistance level.
On the 4-hour chart, the price is approaching the 4220 resistance; if it sustains a position above this level, we will monitor the 4382 resistance. A close above 4382 would mark the first higher peak relative to the most recent downward wave, serving as a signal that the uptrend is likely to continue.
If the rise continues and the price stays above the descending blue trend line, it will have broken that downtrend line. In this scenario, further upward movement could be expected, potentially leading to a retest of the peak.
On the weekly chart, the uptrend remains intact as long as the price holds above the 3887 level.
#BTC may test the 67,500 level, as it continues to hold the 63,100 mark on the 4-hour chart. This level has previously acted as resistance and could do so again; we need to see a high-volume breakout. Otherwise, a pullback might occur. If it holds above 63,100 during a pullback, it could attempt to break the resistance again. If it manages to stay above the 67,500 resistance level, there is a possibility it will test the 71,000, 75,000, and 82,885 resistance levels.
If a daily or weekly close occurs above 82,885, it would mark the first higher high relative to the most recent downward wave. This serves as a positive signal that the upward trend is likely to continue.
If it falls below 63,100, it may retest the 57,000 level. This level is expected to act as support.
If the weekly close falls below 57,000, the likelihood of a continued decline increases, potentially extending the drop toward the 49,000–50,000 support levels.
On the 4-hour chart, #BTC continues to hold the 63,100 level, which serves as our trend-following benchmark. It may test the 67,500 level; since this level previously acted as resistance, a rejection there could lead to a pullback. If it manages to stay above 63,100 during such a pullback, it might attempt to break the resistance again. If it sustains a position above the 67,500 resistance level, there is a possibility it will test the 71,000, 75,000, and 82,885 resistance levels.
If the price closes above 82,885 on both the daily and weekly timeframes, it would mark the first higher high relative to the most recent downward wave. This serves as a positive signal that the upward trend is likely to continue. If it falls below 63,100, it may retest the 57,000 level, which is expected to act as support.
If the weekly close falls below 57,000, the likelihood of a continued decline increases, potentially extending the drop toward the 49,000–50,000 support levels.
#BTC On the 4-hour chart, we are raising our trend-following level to 63,100. Remaining above this level keeps the possibility of an upward move alive.
If the price holds above the 67,500 resistance level during an uptrend, it may test the 71,000, 75,000, and 82,885 resistance levels.
If a daily or weekly close occurs above 82,885, it would mark the first higher peak relative to the most recent downward wave. This serves as a positive signal that the upward trend is likely to continue.
If the price falls below 63,100, it may retest the 57,000 level; this level is expected to act as support.
If the weekly close falls below 57,000, the likelihood of a continued decline increases, potentially leading to a drop toward the 49,000–50,000 support levels.