Chart Description
The chart shows a recent strong move up in BTC CME Futures, highlighted by the green Fibonacci retracement levels measuring the prior swing low to swing high.
Two red boxes are drawn near the top, marking a potential resistance/supply zone where price previously stalled.
A white downward arrow indicates your expectation of a pullback from this resistance area.
At the bottom, an oscillator (in yellow) appears to form lower highs (a potential divergence), suggesting fading momentum as price tested the red boxes.
What I Think Is Next
Given the resistance in the red box area and the potential momentum divergence, you anticipate a short-term correction or pullback.
Possible downside targets could include the nearby Fibonacci retracement levels (e.g., 0.382 or 0.5), where BTC CME might find support and consolidate before the next move.
If price can’t hold those fib levels, a deeper correction toward lower support zones is possible. Conversely, a strong breakout above the red boxes and any key fib extensions could signal further upside continuation.
The chart shows a recent strong move up in BTC CME Futures, highlighted by the green Fibonacci retracement levels measuring the prior swing low to swing high.
Two red boxes are drawn near the top, marking a potential resistance/supply zone where price previously stalled.
A white downward arrow indicates your expectation of a pullback from this resistance area.
At the bottom, an oscillator (in yellow) appears to form lower highs (a potential divergence), suggesting fading momentum as price tested the red boxes.
What I Think Is Next
Given the resistance in the red box area and the potential momentum divergence, you anticipate a short-term correction or pullback.
Possible downside targets could include the nearby Fibonacci retracement levels (e.g., 0.382 or 0.5), where BTC CME might find support and consolidate before the next move.
If price can’t hold those fib levels, a deeper correction toward lower support zones is possible. Conversely, a strong breakout above the red boxes and any key fib extensions could signal further upside continuation.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.