From last night to this morning, BTC experienced a textbook-level indecisive movement. The price plunged from 94 straight down to 88, then rebounded to 91, only to quickly drop back to 89 this morning—a classic inverted V structure.
Now there are two completely opposite scenarios in front of us:
If we consider the move from 94 to 88 as a consolidation adjustment, then last night's rally should have been the starting point of a new upward push. But here's the problem: this rally only lasted for two small waves before fizzling out and turning downward. The momentum was clearly off.
On the other hand, what if the move from 94 to 88 was the first wave of a downtrend? In that case, the rebound from 88 to 91 was just a technical bounce, and there could be a deeper pullback ahead.
These two possibilities directly determine whether the market will head straight down next or bounce first before continuing to drop. At this stage, don't rush to any conclusions—just keep a close eye on the price action.
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MevHunter
· 13h ago
This inverted V structure is really something. Now just waiting to see if it keeps dumping or suddenly pumps...
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The drop from 94 to 88 was pretty brutal. Now it’s all about whether it can hold 91.
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Both scenarios are possible. I’m betting it keeps dropping next... what about you guys?
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The market is too indecisive right now—this is when it’s easiest to get trapped. Better to stay on the sidelines for now.
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I agree with the judgment that the momentum feels off. Feels like there’s no one willing to take the other side.
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Whether 91 can hold is the real key. If it breaks, it’s over.
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Honestly, there’s a lot of room to operate in this move. It just depends on who’s quicker.
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QuietlyStaking
· 12-08 20:51
Dropped from 94 to 88, then pulled back to 91, and dumped to 89 again. When will this reverse V finally resolve? I just don't get it.
Hmm, both of these scenarios seem fake, but maybe this is just Bitcoin's daily routine.
The rebound is so weak, it feels like there’s still more action below.
Wait, could it be that a huge trap is being set up? Gotta keep a close eye on the chart.
It's that same whipsaw rhythm again—have to wait patiently for a clear signal.
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WalletWhisperer
· 12-08 01:52
Dropped from 94 to 88 and bounced back, this reverse V move is pretty intense.
There are only two options: either keep breaking down, or start crashing hard today, there's no third possibility.
With the market this tangled, I'll just wait and see. What's the rush?
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BlockchainNewbie
· 12-08 01:52
This reverse V structure has me a bit confused. That 88 bottom was way too fragile.
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After two small waves up, it stalled. I also feel the momentum isn't enough, still seems weak.
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Wait, what if 88 is just the beginning, and there's more dumping ahead?
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No one can say for sure with this market now. Just watch closely and don't make rash moves.
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That move from 94 to 88 last night was really scary. Then the rebound to 91 didn't hold either—it's really frustrating.
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Both scenarios are possible, but it feels like the probability of further decline is higher.
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This kind of price action is the most tormenting. If it can't rebound, it'll just keep dropping. Better to be cautious.
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CryptoMotivator
· 12-08 01:51
Another one of those reverse V dramas, it's driving me fucking crazy.
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From 94 to 88, it feels like they're just shaking out weak hands or maybe they're really going to dump it lower. Honestly, I can't see through it yet.
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The strength feels off, and that's exactly it—the main players are testing the support below.
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Don't ask me which scenario I'm choosing, my head's a mess right now. I'll just keep watching the chart.
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This kind of market is the most annoying, neither up nor down, just makes you itch to do something.
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If this really is the first wave down and there's a deeper pit ahead, just thinking about it gives me a headache.
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I'm not doing anything before there's a clear direction, the risk is just too high.
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LiquidityWitch
· 12-08 01:41
This round of operations with Bitcoin is really something else, fake V-shapes over and over—who the heck can accurately catch the bottom?
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That dip at 88 was pretty brutal, feels like there's more downside to come.
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Another choppy market like this, it's so frustrating. Better to wait for a clear direction before making a move.
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Both scenarios could end up being the most painful, so it's right not to draw any conclusions. I've been completely thrown off by this dump.
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Last night's rally fizzled out immediately, full of weaknesses—bears just won't quit.
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I've been watching the charts for so long just waiting for a clear breakout, but nothing is certain right now.
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The move from 94 to 88 feels like a trap. Every rebound just gets sold off again, it's really exhausting.
View OriginalReply0
AirdropATM
· 12-08 01:30
Dropped from 94 to 88, rebounded to 91, then crashed to 89—this reverse V movement is giving me a headache. Where's the promised direction?
From last night to this morning, BTC experienced a textbook-level indecisive movement. The price plunged from 94 straight down to 88, then rebounded to 91, only to quickly drop back to 89 this morning—a classic inverted V structure.
Now there are two completely opposite scenarios in front of us:
If we consider the move from 94 to 88 as a consolidation adjustment, then last night's rally should have been the starting point of a new upward push. But here's the problem: this rally only lasted for two small waves before fizzling out and turning downward. The momentum was clearly off.
On the other hand, what if the move from 94 to 88 was the first wave of a downtrend? In that case, the rebound from 88 to 91 was just a technical bounce, and there could be a deeper pullback ahead.
These two possibilities directly determine whether the market will head straight down next or bounce first before continuing to drop. At this stage, don't rush to any conclusions—just keep a close eye on the price action.