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The defining support level is 7990.94. While bitcoin is trading above it, the probability of an upward movement remains high. The level test should be considered for the appearance of a pattern to buy. The first growth target will be the weekly maximum, and further growth will depend on the emergence of a large buyer above the monthly maximum.
The fall in the second half of September was strong, so the current situation looks like an opportunity to work in the continuation of the bearish momentum. To sell the instrument, you will need to close trading below the balance level or open a new day's trading below it. This will lead to a change in structure and allow sales to be considered as a continuation of the medium-term momentum.
Daily CZ – daily control zone. An area formed by important data from the futures market that changes several times a year.
Weekly CZ – weekly control zone. The zone formed by the important marks of the futures market, which change several times a year.
Monthly CZ – monthly control zone. An area that reflects the average volatility over the past year.
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