Technical analysis by readCrypto about Symbol BTC on 5/23/2025

Hello, traders.If you "Follow", you can always get the latest information quickly.Have a nice day today.-------------------------------------(BTCUSDT 1D chart)It is showing a downward trend below the previous ATH range.Accordingly, we need to see if it can rise to around 109588.0 and receive support.However, since it is currently going through a period of volatility, we need to be careful about trading until May 28th.-If it falls further, we need to check if it can receive support near the Fibonacci ratio range of 1.902 (101784.54) ~ 2 (106178.85).In particular, whether it can receive support near the M-Signal indicator on the 1D chart is key.If it falls below the M-Signal indicator on the 1D chart, there is a possibility that it will touch the M-Signal indicator on the 1W chart, so we need to think about a response plan for this.Therefore, if it shows support near the M-Signal indicator on the 1D chart, there is a possibility that it will show a pull back pattern.The HA-High indicator of the 1D chart is formed at 102302.08, so it is important to see if there is support around this point.-The OBV indicator shows that OBV is falling below the High Line, and the StochRSI indicator is also showing that it has switched to a state of K < D.Therefore, it is necessary to check whether OBV can touch the previous High Line or OBV EMA and rise.If it falls below that, it is highly likely to lead to further decline.I compared the previous OBV movements, that is, A, B, C, and the current movement, and the difference can be distinguished by whether it fell below the previous candle or not.You can see that there is a difference from the previous movement because it is highly likely to close below the previous candle.Therefore, the point to watch is whether it falls below 102302.08 after the volatility period or rises above 109588.0-110787.38.If it falls below 102302.08 and receives resistance, it will turn into a short-term downtrend, and if it rises above 109588.0-110797.38, it is likely that the uptrend will resume, so it is a meaningful section.-Thank you for reading to the end.I hope you have a successful trade.--------------------------------------------------- ​​This is an explanation of the big picture.(3-year bull market, 1-year bear market pattern)I will explain more details when the bear market starts.------------------------------------------------------(30m chart)Support section1st: 106133.74-106849.992nd: M-Signal (104463.99) of 1D chart3rd: 102302.08You should think about a response plan depending on which section of the 1st-3rd section above can be supported and rise.When the section above shows support, if the OBV shows an upward breakout of the Low Line or High Line, there is a possibility of an upward turn.However, the Low Line or High Line must show an upward breakout.- If the OBV breaks below the Low Line or High Line, it is likely to show a downward breakout,- If the OBV breaks above the Low Line or High Line, it is likely to show an upward breakout.The HA-High indicator on the 1D chart is showing signs of being newly created.Accordingly, if the HA-High indicator is created at the 106843.58 point, it is important to check whether there is support near it.The creation of the HA-High indicator means that there has been a decline from the high point range.Therefore, if there is resistance from the newly created HA-High indicator and it falls, it can be interpreted that there has been a decline from the high point range.However, if there is support near the HA-High indicator and it rises, there is a possibility of a stepwise upward trend.What we need to do is check whether there is support near the HA-High indicator and create or modify a trading strategy accordingly.#BTCUSDT 30mThe OBV High indicator on the 1D chart indicates the point corresponding to the High Line of the OBV indicator.Therefore, in order to continue the uptrend, the price must rise above the OBV High indicator and maintain it.If it fails to rise, you should check if it can be supported near the HA-High indicator on the 1D chart or near the M-Signal indicator on the 1D chart.