Foreign media analysis indicated that bitcoin had entered a more sensitive zone after rising from $63,000 in the vicinity to $80,000 in a few days. According to the article, the overall structure of the BTC was significantly better than at the beginning of August, but after rapid upswing, market dynamics were already at a high level and short-lines were easier to move to sort.
Bitcoin goes between $80,000 and $82,000.
It is mentioned that Bitcoin had a breakthrough of $80,000 and then returned to the vicinity of $794 million. The $62,000 to $65,000 zone, which had been used to suppress prices for a long time, had been breached upwards and the main line on the dayline had been re-established.
Of these, approximately $7.21 million, the 200-day mean line is considered to be an important change in this round of rebound. According to the article, Bitcoin had been at this level for several months before, but now it is back on its feet and the support structure below has significantly increased.
- Current main resistance areas: $80 to $82,000
- Near-end observation interval: $76,000 to $77,000
- Deeper step back: about $72,000
The article also states that the BRTC RSI has been raised to the Super Buyer's Area around 77. This means that while prices are still high, continuing to move unilaterally requires new trade-offs, which are more likely to take place first.
Back and back after 200 days on XRP station.
In several currencies, XRP is considered to be one of the more visible types of structural improvements in this round. According to the article, the XRP, which touched US$ 1.70 at a time after the August surge, is now back in the vicinity of US$ 1.42, but is still above several key averages.
Of these, approximately US$ 1.35 200 per day average is considered the most important support at present. As long as prices remain above the US$ 1.35 to 1.40 area, the pre-break structure has not been destroyed. Short-line resistance above is concentrated at $1.50 and, if back on, the market will again focus on $ 1.60 and prior heights at $ 1.70.
The article also mentioned that the XRP ' s breakout phase had been accompanied by several months of a larger trade-off, but after it had been sorted out, the trade-off had fallen. RSI also dropped from high to about 69, indicating that short-line overheating is decreasing.
SHIB and XLM are still testing critical positions.
XRP, SHIB is relatively behind schedule. According to the article, SHIB had risen from a low point in August to US$ 0.000,620 and is now in the vicinity of US$ 0.0000,530. The 200-day mean line, which is still at the top of the price, constitutes the main current pressure.
It is submitted that, although SHIB has re-established its 20-day, 50-day and 100-day mean lines, the reversal of the trend has not yet been fully confirmed without the effective recovery of the 0.0000572-$0.00000600 area. The bottom is 0.0000470 to $0.00000500 for more intensive support.
XLM is similar to SHIB. According to the article, the XLM, which had rebounded from the 0.155-dollar area at one point, broke by US$ 0.22 and is now in the vicinity of US$ 0.184. The 200-day mean line of approximately $0.190 is still the most recent resistance, with 0.190 to $0.200 considered to be the critical position of the short line.
If XLM can re-establish its position of $0.20, the top $0.22 will re-enter the horizon; if it fails, the range of $0.176 to $0.182 is the current main support belt. According to the article, these tokens were moved from the surge phase to the consolidation phase after a rapid rebound, and the subsequent continuation of the repairs depended on the holding of the support and the re-magnification of the exchange.