CIFR Weekly Update: Making Higher Highs, Higher Lows
The price action continues to show strength with consistent higher highs and higher lows forming. We've successfully backtested the bull market support band, and the structure remains intact. Currently, there's no indication of a breakdown or further downside pressure.
The key level to watch is the bull market support band itself—as long as price holds above it, the uptrend narrative stays intact. A loss of this support would be the signal to reconsider. Even in such a scenario, we'd likely see a retest of the 0.886 level before any major directional move.
The technicals suggest patience and discipline. The momentum is favoring buyers right now, but confirmation will come from how price respects these critical support areas.
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.
7 Likes
Reward
7
6
Repost
Share
Comment
0/400
HackerWhoCares
· 5h ago
Hmm... the bull market support band has stabilized again. Will this time really be different?
View OriginalReply0
LiquidationOracle
· 11h ago
It looks like the same old story again—higher highs and higher lows... but when it really crashes down, you'll understand what "paper wealth" truly means.
View OriginalReply0
NFTFreezer
· 11h ago
高高低低往上走,就是看支撑位能不能顶住,顶住就继续飞天呗
Reply0
FlashLoanPrince
· 11h ago
As long as the support level holds, keep winning; only consider running away if it breaks.
View OriginalReply0
GweiWatcher
· 11h ago
The bull market support zone is firmly held, this is true strength
View OriginalReply0
RuntimeError
· 11h ago
It looks like the bull market structure is still intact, just need to keep an eye on the support levels and not break them. Once broken, a reassessment is necessary. It feels like the bulls are still in the lead this round...
CIFR Weekly Update: Making Higher Highs, Higher Lows
The price action continues to show strength with consistent higher highs and higher lows forming. We've successfully backtested the bull market support band, and the structure remains intact. Currently, there's no indication of a breakdown or further downside pressure.
The key level to watch is the bull market support band itself—as long as price holds above it, the uptrend narrative stays intact. A loss of this support would be the signal to reconsider. Even in such a scenario, we'd likely see a retest of the 0.886 level before any major directional move.
The technicals suggest patience and discipline. The momentum is favoring buyers right now, but confirmation will come from how price respects these critical support areas.