Bit.Cash closes the last trading session in the green zone, while the downward price movement vector prevails on the higher time-frame.
The support and resistance levels:
The nearest support level is at the price level of the 569.87.
This level was formed by the Bullish Harami pattern. The pattern is represented with two Japanese candles, where the second one with a smaller real body is inside the body of the first one.
The nearest significant resistance level is at the 587.68 mark.
The Deliberation pattern occurs extremely rare on the chart. Its appearance indicates a price movement reversal downwards.
Trading recommendations:
Despite the downward dynamics prevail on a higher time-frame, the long position should be prioritized intraday. The latest signal on the chart indicates the prevalence of the upward movement intraday.
Bit.Cash H1: The Price Action Forecast for the American Session on 9.10.2025
