ASR-VC indicator 4h channel status update: On the positive side of the passage of the Crypto Act, BTC tested the orange pressure band again, but in the end the 4h line still moved into a long upper shadow, which made the previously expected falling wedge still possible. It can be seen that the recent price action has clearly started to be biased towards volatility, and the price has tested the yellow line twice, and the support has been effective, followed by a volatile upward rally. In fact, the current thinking is nothing more than two, continue to maintain this rising channel to the shock upward, or fall below the yellow line to do a shock pullback. Subjectively, I prefer to do a shock pullback, which is more conducive to the later rise, especially if the price can step back on the middle track during this period, which is more perfect.
Crypto_Painter
Crypto_Painter17.7. klo 08.48
ASR-VC indicator 4h channel status update: The expectations in the quotation have basically been fulfilled, and at present, $BTC except for the fact that it did not touch the orange line exactly, it can be regarded as having gained support along the yellow line on the oscillating channel! Therefore, before the yellow line falls below, the 4h level strong bullish trend still exists, and has not yet turned into a volatile market, theoretically if the price is still dynamic, then when the orange line moves to the 4h high supply area, it can be tested again. On the other hand, the spot contango index has begun to decline again after a wave of obvious recovery last night, which is not conducive to the bulls, indicating that the buying of dollar spot funds is not sustainable enough. Summary: On the current disk, the probability of the 4h to daily level beginning to turn into a volatile market is greater than the probability of trend continuation, if the shock lasts for a week, then the final callback test target is the middle track of the gradual upward movement.
57,66K