BTC HTF Main trend support holding 17,5 months still intact
140
As you can see that we bounced around the 76.6k range - exactly from the 17,5 month dynamic trend support holding all the way back since september 3th 2023 since BTC price of 24777$
I am certainly not saying that this cant be broken - we have a CME gap unfilled in the 70k range - we have weekly and monthly support and unfilled fvg at 73489 - we have montly support and unfilled gap at 70261
But as of now everything is intact nothing is diviating off neither 4h chart trend nor HTF (daily, weekly, monthly) so as of now all extreme fear and talk is solely emotinal based totally.....as low as we hold the channel pattern 17,5 month main support and do not break below it and start trending futher down - nothing at all has changed in the trend .........
No reason yet for any concerns though the market is already in extreme fear - we could go all the way down to 73 or even 70k and still be good as these are HTF keay supports with a lot of confluence and futher reasons to met the prices before making a new ath....But as of now there is not even a reason to lean on that before this current HTF trend channel has been broken down and start trending below the 17,5 month holding support.
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