ASR-VC indicator 4h channel status update:
Rightly, the $BTC price has gained support along the yellow line on the 4h shock channel, which means that the current bullish trend at the 4h level is still unbroken, and the next thing is theoretically a rebound.
The spot premium index has returned to the surface from the deep water area, indicating that this wave of spot supply has temporarily stopped, as long as the whale does not transfer coins in the short term, then there is hope that the price will rebound to the orange line!
In short, it is still an idea, the yellow line is not broken, there is still the possibility of a new high, the middle track is not broken, and the large-level trend is still bullish.
But I expect that the high probability trend is that the yellow line will fall below in the next test, and the final price will have to wait for the middle track to come up and then step back to test once.
Conservative estimates, probably on Friday?
ASR-VC indicator 4h channel status update:
The key this week is to test the upper side of the shock channel along the yellow line, generally speaking, when the trend is in progress, the yellow line cannot be broken, once broken, it means that the trend pauses and turns into a shock.
At present, due to the insufficient amount of the channel moving up, it will lead to once it falls below the yellow line, the real increase brought by this trend is only 1w US dollars...
Still, the current market attention is focused on the remaining 60,000 BTC supply, if the whale does not transfer to BTC again, then this week is very likely to maintain above the yellow line shock, the trend structure is still bullish;
But if tonight's CPI and whale behavior are not conducive to the market, then the price will inevitably go back to test the middle track, and turn the bullish trend into the original range-bound shock structure, and the market will go ugly...
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