22.03.14 / Now all that's left is the long-term trend line!!

#crack #bitcoin #binance #4 hour

- Since the last briefing, a sideways trend has been taking place between $38,595 and $39,770, and after that, the short-term uptrend line and support at $38,595 failed, showing a sell-off.

- The dark gray long-term Fibonacci level of 0.13 level, $37,607, appears to be receiving short-term support, but it is unclear to be sure of a rebound.

- In the event of a rebound from the current spot, it seems safe to follow and buy after re-entering above the minimum white short-term uptrend line, and the possibility of retest resistance should be kept in mind.

- If the current rebound fails or the retest resistance of the white short-term uptrend line appears strong, support at $34,936-$35,312, which is located at the bottom of the medium-term uptrend channel, seems important. If the downward whipsaw appears strongly, it is important to find support around $34,322, where the lower part of the large upward channel is located.

- As mentioned above, if the 34k-35k support fails, the mid/long-term downtrend should be kept in mind due to the failure of the lower end of the medium/long-term uptrend channel.