Summary
BTC price is moving well along the expected pathway. As I mentioned in my last post, BTC price will touch the 'need supported line'. And probably, we can observe a clear 'divergence'. Today we will talk about low points and high points that can be reached from a short-term perspective.
[DATA: BTCUSD 30 min, virtual need supported line(reference EMA (400)),virtual EMA (200, candle/day) line, virtual EMA (400, candle/day) line]
#1. I propose scenarios (S1, S2) that seem to be possible in the short term. S1 is more likely to be executed (it is more likely to complete the divergence and rise up), but you need to look carefully at the BTC movement in the 'need supported line'.
#2. The possible low of 'S1' is $ 7600 and the possible high is $ 9100. Expected entry time is after confirming the completion of divergence and the trend change from the low point.
#3. The possible low of 'S2' is $ 6900 and the possible high is $ 8850. The entry point is after confirming the trend change from the low point.
#4. If S2 is executed, the 'need supported line' can act as a resistance line.
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