ASR-VC indicator daily channel status update: As usual, let's check the daily channel status every Saturday! Currently, $BTC is moving steadily, with a large-scale bullish trend still being maintained, and no structural damage. After the price entered the average resistance level, it began to fluctuate; From a time perspective, it is expected that next week there will be some attempts to test the upper and lower bounds of the range. Since this wave of price action has not effectively broken through the orange line, it can still be determined that this trend is currently still a regular bullish trend at the daily level and has not upgraded to a strong bullish trend at the weekly level. Next, we will see if the following two weeks can continue to extend the new daily rally. If it breaks out, it will transition from the daily level to the weekly level; if it doesn't break out, the structure here will likely replicate the left-side price rally to the orange average resistance zone. In other words, it will be a long-term range market with fluctuations + pullbacks. So boring~ so boring!
Crypto_Painter
Crypto_Painter18.7. klo 07.43
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.
47,8K