Bitcoin BTC Key Market Reversal: V-Shaped Reversal, Regaining Ground! 13,000 Points Gained in 3 Days! Latest Situation + Support and Resistance Levels Sharing!!!
🚨 Key Market Reversal: V-Shaped Reversal, Regaining Ground Latest Situation: Yesterday (19th) early morning, BTC briefly dropped to around 84,500, triggering market panic. However, in the past 24 hours, BTC has shown an astonishing “V-shaped reversal,” soaring nearly 4,000 points in one go, and re-establishing above the 88,000 key level. Pattern Qualification: This is very likely a classic “Bear Trap.” The main force used Friday’s decline to lure sellers, cleared out long stop-loss orders below 88k, then quickly rebounded. Current Status: The price is now stabilizing around 88,200. The key now is whether it can hold steady. If it can remain above 88,000 this weekend, then 84,500 will become a short-term bottom, and next week may attempt to break 90,000 again. If this is just a “temporary rebound,” and the price falls below 87,500 again, then this rally will be defined as a “resistance-confirmed decline continuation.”
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.
Bitcoin BTC Key Market Reversal: V-Shaped Reversal, Regaining Ground! 13,000 Points Gained in 3 Days! Latest Situation + Support and Resistance Levels Sharing!!!
🚨 Key Market Reversal: V-Shaped Reversal, Regaining Ground Latest Situation: Yesterday (19th) early morning, BTC briefly dropped to around 84,500, triggering market panic. However, in the past 24 hours, BTC has shown an astonishing “V-shaped reversal,” soaring nearly 4,000 points in one go, and re-establishing above the 88,000 key level. Pattern Qualification: This is very likely a classic “Bear Trap.” The main force used Friday’s decline to lure sellers, cleared out long stop-loss orders below 88k, then quickly rebounded. Current Status: The price is now stabilizing around 88,200. The key now is whether it can hold steady. If it can remain above 88,000 this weekend, then 84,500 will become a short-term bottom, and next week may attempt to break 90,000 again. If this is just a “temporary rebound,” and the price falls below 87,500 again, then this rally will be defined as a “resistance-confirmed decline continuation.”