Scenario 1 (1st Option)
Retracement: Price dipped to the 61.8% Fib level ($62,070.75).
Observation: After hitting this level, price started to recover.
Prediction: If we stay above 61.8%, we could move up to hit resistance at $66,535.25 (38.2%) and $69,049.72 (23.6%).
Outlook: Breaking past $69,049.72 means we’re likely heading to and beyond $73,114.22.
Scenario 2 (2nd Option)
Retracement: Price might drop further to the 78.6% Fib level ($59,571.38).
Observation: Here, price finds support before bouncing back.
Prediction: If support at $59,571.38 holds, we could see a climb back up to test the higher resistance levels.
Outlook: This scenario could mean a deeper correction, but the bounce back potential is strong.
Final Thoughts
Breaking Resistance: Key is breaking $69,049.72. Staying above means a strong bullish trend.
Crucial Support: Watch $62,070.75 (61.8%). Dropping below could mean a dip to $59,571.38 (78.6%) before a recovery.
Retracement: Price dipped to the 61.8% Fib level ($62,070.75).
Observation: After hitting this level, price started to recover.
Prediction: If we stay above 61.8%, we could move up to hit resistance at $66,535.25 (38.2%) and $69,049.72 (23.6%).
Outlook: Breaking past $69,049.72 means we’re likely heading to and beyond $73,114.22.
Scenario 2 (2nd Option)
Retracement: Price might drop further to the 78.6% Fib level ($59,571.38).
Observation: Here, price finds support before bouncing back.
Prediction: If support at $59,571.38 holds, we could see a climb back up to test the higher resistance levels.
Outlook: This scenario could mean a deeper correction, but the bounce back potential is strong.
Final Thoughts
Breaking Resistance: Key is breaking $69,049.72. Staying above means a strong bullish trend.
Crucial Support: Watch $62,070.75 (61.8%). Dropping below could mean a dip to $59,571.38 (78.6%) before a recovery.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.