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– Since the briefing on the 29th, it has been showing a sideways trend without breaking the resistance of the upper orange rising channel .

– A preasure appeared after resistance at the top of the orange uptrend channel , but showed a lower tail with support from the sky blue high-trend line.
However, the purple long-term downtrend Fibonacci retracement level of 0.382 is strongly resisted at $46,700, suggesting a possibility of another pressing to confirm the support of the sky blue high-trend line.

– In the short term, we can expect a sideways trend between the purple Fibonacci retracement level of 0.382, ‘$46,700′, and the sky blue high-trend line, ’44xxx’.

– In the mid-to-long term, as mentioned in the previous briefing, the role of the sky-blue high-trend trend line is expected to be important.

– If the support of the sky blue highs trendline is successful, we can expect an uptrend to break out the resistance above the orange uptrend channel .

– If the support of the blue high-trend trend line fails, you can expect support from the orange uptrend center line, but the inflection section of the sale created after the formation of the ‘$32,917′ low and support near ’$41,432′, where the purple long-term downtrend retracement level of 0.236 is located. appears to be important.

– If even the support of ‘$41,432′ fails, we can expect a decline near the bottom of the orange uptrend channel and near ‘$37,607′, where the purple long-term downtrend retracement level of 0.13 is located.