BTC is now around 6.31w, still trading within the channel and has not broken down. On the 4-hour timeframe, it has already fallen to major support—this line has been tested several times before, but it hasn’t been truly broken through. The support strength is still there.



At this level, don’t rush to take action first. Wait and see the result of this test. If this test also holds, it means the “buyers catching the dip” power below is still strong enough, and you can consider going long according to the plan. If this time it directly breaks below, it means the lower edge of this channel can’t hold, and a new round of downside may begin—then you’d need to switch to a bearish view.

In this kind of support-level tug-of-war, patience matters more than speed. There’s no need to race ahead before the direction is clear; it’s not too late to act once the signal comes out. #BTC $BTC
BTC-2.82%
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