$BTC LATEST SITUATION!!! | 23:00 (4H) CANDLE CLOSING |
The downward trend with 3 contact confirmations has been broken. After the breakout, we marked a horizontal support zone that turned into the previous 4s resistance with a red box, and we can interpret its contact here as a retest. At the same time, this support level intersects with the retest of the falling trend breakout. In technical terms, these data are very positive. As long as the next 4s candle closes above these levels, there does not seem to be a negative scenario in technical terms. I would like to share another positive data: a short-term confirmed rising trend formation has occurred. In short, unless the 4s candle closes under the rising trend, which turns from resistance to support, a move to the price targets I mentioned will be possible.