Strengthened the upward trend for the transition. It has surpassed the previous point of previous support, but it is declining. It did break through with long-candle, but the upward trend is weak, and the period is under adjustment. It are undergoing some price adjustments. However, it is supported by the resistance line of previous high points.
The rising Fibonacci is now around 33%. Then, stay in the resistance line. It anticipate a rebound from the previous drop. Approximately, the second highest peak of $ 7,500 can rise shortly. It is located in the curve of the blue line. Because of the big down in previous down, It expect a rise.
** Disclaimer: This post is a personal idea, not an investment idea. The transaction is a small transaction, so please enjoy it. It is your responsibility to invest, and you should be aware of subjective judgments and technical analysis to make investments.