During the previous trading session, the price of Bit.Cash decreased, moving in the main trend direction on the higher time-frame.
The support and resistance levels:
The nearest support is set at the 575.6 mark.
The Penetrating Line pattern formed this level. The pattern consists of two candles: the first one has a long black body, the second one has a white body. The second candle opens with a gap down and closes above the middle of the first candle’s body.
The nearest resistance is set at the 587.68 mark.
The Deliberation pattern occurs extremely rare on the chart. Its appearance indicates a price movement reversal downwards.
Trading recommendations:
The latest signal on the chart indicates the prevalence of the long positions. This signal is valid, until the other pattern is formed.
Bit.Cash H1: The Price Action Forecast for the European Session on 9.10.2025
