Last night, Bitcoin suddenly dropped by 50k, and then pulled back up again.


Many people saw this and let out a sigh of relief, thinking: “If it can recover this quickly, it shows that the $60k support level is still very solid.”
But I see the exact opposite.
There’s an old saying in the market: once any support level has been tested repeatedly, it only becomes more fragile.
Because every drop consumes part of the buy-the-dip (supporting) capital.
Every rebound gives trapped positions above an opportunity to exit.
BTC-2.49%
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