Bitcoin's showing some interesting setup chances right now. After Monday's low got broken, the real question is whether this new support level can hold steady over the next few days—that's your tell for whether we're cooking up a solid range-trading opportunity back toward resistance.
Thing is, the weekly picture isn't exactly inspiring confidence. The candle structure looks pretty weak from a bigger timeframe perspective. If the trend's going to shift, something's gotta give. Price action alone won't cut it.
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GasFeeCrier
· 21h ago
The weekly chart suddenly surged, and I immediately lost my composure. If this support level also collapses, then we will really have to wait for a major event.
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quietly_staking
· 01-07 09:33
If the support breaks below, we need to see if the new support can hold; otherwise, will it collapse in the next round?
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CommunityJanitor
· 01-06 21:54
As long as the support doesn't break, it's still a problem; anything said now is useless.
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CodeSmellHunter
· 01-06 21:53
If the support level is broken, there's really nothing much to say; the weekly chart is so weak that I even feel it's hanging in the air.
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ProbablyNothing
· 01-06 21:49
Basically, it's about whether the weekly chart can hold up; otherwise, this rebound is just so-so.
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ForkThisDAO
· 01-06 21:49
Can the support hold after the breakdown... that's the key. To be honest, the weekly chart structure is really not great.
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SchrodingerProfit
· 01-06 21:37
Whether the support level can hold is the key; otherwise, it's just another false alarm.
Bitcoin's showing some interesting setup chances right now. After Monday's low got broken, the real question is whether this new support level can hold steady over the next few days—that's your tell for whether we're cooking up a solid range-trading opportunity back toward resistance.
Thing is, the weekly picture isn't exactly inspiring confidence. The candle structure looks pretty weak from a bigger timeframe perspective. If the trend's going to shift, something's gotta give. Price action alone won't cut it.