A major public blockchain network has been observed near the 76K level for approximately two weeks. When analyzed through Musafa's Time Multiple Matrix, the current location may be interpreted as a confluence zone.
This posting is for personal observation and educational purposes only and is not investment advice. All decisions are the responsibility of the individual. Charts by Musafa from TradingView public data as of Sep 2026.
1. Structural Analysis by Timeframe - via Musafa's Time Multiple Matrix
This pattern may be interpreted through the 3-3-2 framework as follows.
1.4-Hour Chart: Double Support Pattern
Figure 1. 4-Hour timeframe - Double support near blue and red long-term MA levels - Source: TradingView - Chart by Musafa
On the 4-hour chart, double support near the blue long-term MA and red long-term MA levels is observed below the current level. Above, triple resistance involving the orange long-term MA, green mid-term MA, and light-blue short-term MA levels is noted. Energy condensation within a narrow range is observed, which may be interpreted as a short-term inflection area.
2. Daily Chart: Core Structure - Purple and White Long-Term MA Interaction
CORE
Figure 2. Daily timeframe - Core Structure: Purple and White long-term MA interaction expected around October period - Source: TradingView - Chart by Musafa
The daily timeframe is noted as the core of this study. The interaction between the light-blue short-term MA and the red long-term MA level is observed as a valid flow. However, pressure from the purple and white long-term MA levels above is documented as relatively strong. The interaction between the purple and white long-term MA levels is expected to be observed around the October period. On Musafa's Time Multiple Matrix, this convergence may be interpreted as a zone where the downward-leading force shows signs of exhaustion. Therefore, how support and volume formation are observed at the point where the two levels meet is noted as significant.
A break and hold above the upper long-term MA levels may be interpreted as a constructive pattern, although strong buying volume is documented as a related factor. Conversely, if the light-blue short-term MA pulls back and observes a reaction near the yellow and red long-term MA levels, it may be interpreted as a potential base for a subsequent move.
3.3-Day Chart: Support Near White MA Level
Figure 3. 3-Day timeframe - Support near white long-term MA and approach attempt toward yellow MA - Source: TradingView - Chart by Musafa
On the 3-day chart, support near the white long-term MA level is observed, along with an attempt to approach the yellow long-term MA level. Resistance is documented as relatively strong, so continued observation may be noted as helpful. If settlement above this level is observed, an attempt to approach the red long-term MA level above in a short period may be interpreted as a possible scenario.
4.Weekly Chart: Pullback After Interaction Above Red MA Level
Figure 4. Weekly timeframe - Pullback after interaction above red long-term MA - Source: TradingView - Chart by Musafa
On the weekly chart, after an interaction above the red long-term MA level, resistance near the green mid-term MA and yellow long-term MA levels is observed. In particular, a pattern where the green mid-term MA crosses below the yellow long-term MA level is noted, and mid-term pressure may be interpreted as relatively significant.
5.Monthly Chart: Support Near Green MA Level and Pressure From Light-Blue MA Level
Figure 5. Monthly timeframe - Green mid-term MA support with light-blue short-term MA pressure - Source: TradingView - Chart by Musafa
On the monthly chart, an upward flow with support near the green mid-term MA level is observed. However, downward pressure from the light-blue short-term MA level bending down from above is documented as relatively strong. This pattern is often observed during long-term fatigue accumulation phases, and holding above the green mid-term MA level is noted as a meaningful point.
2. Observations Outside the Chart
A chart result may be interpreted as showing the result, while the cause is often observed outside the chart. From a regulatory perspective, the process related to the CLARITY Act did not clear the procedural hurdle in the recent period. What is noted as more significant is that the market's sensitivity to such regulatory uncertainty may be observed. In terms of macro conditions, a rate adjustment after approximately three years is documented, and a rise in long-term Treasury yields is observed. In such an environment, a more conservative view on highly volatile digital value stores may be observed. On the flow side, a shift from net inflow to net outflow in products tracking the spot market is noted near the recent period. A phase where selling pressure is observed to be slightly stronger than buying pressure may be interpreted. Two additional variables that may influence liquidity in the second half are noted: how provisions related to stable value transfer protocols are finalized, and how liquidity may shift due to government bond issuance. Geopolitical risk and oil price movements are also documented as factors that may affect inflation expectations.
3. Conclusion
The meeting between the purple and white long-term MA levels expected in October may be interpreted as a zone where the downward-leading force shows signs of exhaustion. During a past banking system event, a case where system risk surfaced around such a cross and a market bottom was confirmed in a short period is documented. However, it may be interpreted that the same pattern is not necessarily required to occur during this cross period. A quiet consolidation while building a base may be observed, or volatility expansion due to a different form of shock may be observed. Therefore, observing both the chart and the macro environment outside the chart may be observed as a prudent methodology. How price reacts when the two levels meet, whether volume accompanies it, and how the external macro environment evolves are noted as factors to track together.
Sook-Ryeo-Dan-Haeng - A methodology of thinking carefully and acting decisively may be interpreted as one approach.
Musafa's Chart Lab
© Musafa's Chart Lab — For blogspot-ready publishing. Charts: original blogger IDs, English only, no Korean, no redraw.
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