Here to help everyone restore their faith, $BTC dropping like this isn’t entirely unexpected, but it’s still a bit surprising. Currently, the lowest point is around 80,700. As shown in the BTC daily chart, it has just dropped to the lower edge of the rainbow channel, which also coincides with the 1.618 Fibonacci extension level. This kind of major drop reaching such a key point, I believe this position is strong support, and I expect a rebound to around 99,700.

BTC-0.67%
View Original
post-image
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)