BTC has rebounded from my second wave support zone. If the price breaks above $94,700, the current direct bearish roadmap (the previously marked part) will become invalid.
But a rebound does not mean the bottom is in. Bitcoin still needs to further prove its strength. Only when the price stabilizes and consistently breaks through this key level of $101,176 can it be considered the first real bullish signal. Until then, caution is advised.
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CountdownToBroke
· 13h ago
Haha, you just want to show off with a rebound? Wait until it breaks 100,000 before bragging.
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AlwaysMissingTops
· 14h ago
Rebound, rebound... here we go again. Bro, is your second wave support really reliable? Or do I have to wait until $101,176 before I dare to go long? I don't have that patience anymore, haha.
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FrogInTheWell
· 14h ago
A rebound is a rebound, but it's not a signal... We need to break 101,000 before we can say anything. It's too early to get excited now.
BTC has rebounded from my second wave support zone. If the price breaks above $94,700, the current direct bearish roadmap (the previously marked part) will become invalid.
But a rebound does not mean the bottom is in. Bitcoin still needs to further prove its strength. Only when the price stabilizes and consistently breaks through this key level of $101,176 can it be considered the first real bullish signal. Until then, caution is advised.