[Bitcoin] Short-term convergence in progress.

10 jun 2022

#Crack #Bitcoin #Binance #1H

- Bitcoin has failed to break out the $30,655 resistance and is in the process of convergence in the short term.

- With the failure to break out the $30,655 important resistance line, the possibility of further drops should be left open, and confirmation of the $29,301 important support seems critical when the convergence bearish breakout occurs.

- The turquoise large convergence lower end and the $23,901 important support line overlap. If that support fails, it is necessary to keep in mind the emergence of a large sell-off as a bearish breakout of the large convergence.

- However, if the support of the next strong resistance, $28,750, succeeds, we can expect an extension of the large convergence.

- Breakout from white convergence, $30,655 resistance, $29,301 support, $28,750 support, check these four points carefully before responding.