#Crack #Bitcoin #Binance #Daily

– It looks like a rebound is emerging from the $37k-$37.7k I mentioned over and over again.

– Bitcoin is showing a strong rebound since the low of $37,386 the day before, and seems to be trying to break out the resistance above the blue bearish wedge .

– A break of the $39.2k-$39.5k resistance seems important if the break above the blue bearish wedge . If that resistance is not broken, we should keep in mind the possibility of retest support at the intersection of the upper wedge , $37.7k and the lower orange bull trend channel.

– If the retest support is successful after being pressed, the three golden crosses of the RACD indicator will also serve as a strong bull trend. At this time, the long-term target price can be expected to rise to the resistance of $43.9k-$44.5k, which is the overlapping section of the orange bull trend centerline, the sky blue high-trend line and $43.9k.

– However, it is recommended to carefully examine the $41.5k-$41.9k resistor located before $43.9k-$44.5k.

– If the $37k-$37.7k support fails, $34.2k-$34.6k support is very important, and if the $34,322 low is renewed, the possibility of a big bear trend should be taken into account as the breakout of the lower blue long-term bull trend channel is possible.