Bitcoin has a short-term chance to retest the bull market support zone.
The current situation is a bit interesting—prices are falling rapidly but repeatedly testing at high levels. This phenomenon occurs every time the price reaches this point. Whether the support zone can hold depends on whether this test results in a breakout upward or a breakdown. This outcome will directly determine the pace of the subsequent market trend.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
18 Likes
Reward
18
5
Repost
Share
Comment
0/400
GasFeeBarbecue
· 01-14 23:22
Whether the support band holds or not still depends on the mood of the big players; anyway, I no longer dare to chase highs.
View OriginalReply0
FOMOSapien
· 01-14 00:36
Support band testing this round, it feels like either heaven or hell, with no middle ground...
View OriginalReply0
ReverseFOMOguy
· 01-14 00:32
Can we hold it this time? Feels like dancing on the edge of a knife.
View OriginalReply0
GasFeeNightmare
· 01-14 00:31
The support band is going to be tortured again. Can it really hold this time?
View OriginalReply0
FlatlineTrader
· 01-14 00:29
The support band is about to be tested again. Will it really hold this time? Feels like every time I say that, haha.
Bitcoin has a short-term chance to retest the bull market support zone.
The current situation is a bit interesting—prices are falling rapidly but repeatedly testing at high levels. This phenomenon occurs every time the price reaches this point. Whether the support zone can hold depends on whether this test results in a breakout upward or a breakdown. This outcome will directly determine the pace of the subsequent market trend.