BITCOIN

Bitcoin seeks to leave the zone of prolonged confrontation and continue to decline. In the current situation, we can consider the following downward benchmarks: the target for the breakdown of the Ichimoku cloud on H4 (the first target benchmark is currently being tested at 31,744.85 – the level of 100% of target completion is located at 30,696.84); the minimum extremum (29,701.91); the monthly Fibo Kijun (27,176.82). The center of attraction and the main confrontation remains at 34,354.58 – 36,079.22 – 37,533.08 (levels of daily and monthly Ichimoku crosses). The upper limit of the consolidation zone is still located at the boundaries of 40,802.87 – 41,432.34 (the lower limit of the daily cloud + weekly and monthly Fibo Kijun).

On the lower time frames, the advantages currently belong to the bears. Support for the classic Pivot levels 30885.64 - 29234.30 - 26742.64 can be noted as downward targets within the day. Key levels today form resistance and limit the opportunities for bears at the boundaries of 33,377.30 (central Pivot level) and 35,233.02 (weekly long-term trend). Fixing higher will change the current balance of power of the lower halves and return bitcoin to the center of consolidation of the higher time intervals.

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In the technical analysis of the situation, the following are used:

higher time frames - Ichimoku Kinko Hyo (9.26.52) + Fibo Kijun levels

H1 - Pivot Points (classic) + Moving Average 120 (weekly long-term trend)