Market Analysis: Prospects and Risks📊
➡️ On the bad side, the RSI on the 1d TF was still not in the oversold zone, even though it can afford it in this phase of the cycle, but this "headless horseman" will keep scaring us and affecting our trades, mine for sure! Given where we are now and the buffer that the market participants have managed to create, a price movement of 60000 (IF ONCE) could roughly unload the 1d TF on RSI to 30% and below +/-, but that's 1d TF, and we still have minor issues with the 1 week. TF, but that's a whole other story.
➡️ From the good, on MACD on 1d TF we haven't even given a "noise" in growth yet, but it may not be there, which is bad! But I am counting on him, because it is this "possible noise" that can turn into a full-fledged growth.
Also in this category we can include the money delta, which is still in total oversold, which is good for the bulls' dynamics. But there is a potential divergence on the money delta and volume delta, which could move, time is short, according to the picture I see.
➡️ My targets are still the same and the trigger idea is still valid i.e. 73000-77800 thought and believed to see a POSSIBLE correction trigger, especially within the 1 week TF. TF.
In chat and ref. chat I wrote about thinking! The situation can develop from the current and 73000 which I was waiting and wishing to see may not give - this is for those who put me above themselves and believe in me forgetting about themselves. You can't do that! You can be "fooled"! At every moment and at every second the market can be cruel. I think it is useful to remind you once again about the bad outcome and that you hear/see the good and the bad - this is the market, he is not going to pat anyone on the head.
Well, I will stay with my forecast for now.
⚠️ Important areas:
✅ Support: 68100, 67600, 67000, 66050, 65600, 64650, 64000, 62400, 61000, 59650, 58400, 57400, 55600
❌ Resistance: 69400, 70100, 70500, 73000, 73500, 73800, 76900, 77800, 78700.
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