Technical analysis by nakreko about Symbol BTC on 10/10/2024

Let's look at BTC in the daily timeframe. We have a falling channel that has worked wonderfully for 210 days. You can see how well the upper and alt bands work as resistance and support. When we take a photo and look at the situation; - We see that BTC has been slapped for the second time by the upper band that it tried to break with a weak attack, - The intermediate uptrend that started from the channel alt band has been broken downwards. If it is going to do what it always does, the first thing that comes to mind is that it should visit the channel alt band again. I THINK that BTC will fall further from here and if it starts its rise from here, it will not touch the channel alt band that everyone expects. Instead, the channel middle band (Green Channel) will be a nice support level. If it cannot stop the fall here, it will touch a alt band (Blue line) that has worked perfectly before and start its rise from here. The bottom prices will change depending on when it touches these bands. Of course, there is no guarantee of this. Maybe it will make another small drop and break the upper band again. Instead of gambling about whether it will happen this way or that way, it is necessary to take precautions according to possible situations and play the game according to the rules. What I said is not investment advice. Good luck to everyone.