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– After the last briefing, an attempt was made to break through the orange long-term uptrend channel center line, which appears to be an important resistance line, but it failed to support and the pressure appeared again.

– As you can see from the light blue trend line , the possibility of further convergence should be kept in mind as the trend is changing without raising the high in the mid-sized wave.

– Resistance appeared at $42,296, which is the current yellowish green mid-term uptrend Fibonacci extension level of 0.618, and you can see that it is trying to support $40,774, which is the 0.5 level of the same Fibonacci extension .

– If support at $40,774 succeeds, we can expect a move to renew the $42,594 / $45,400 / $45,821 highs.

– If the support of $40,774 fails, a decline towards the white long-term convergence line or the light blue medium-term convergence line should also be considered.