The thing with lower timeframes is this low zone hasn't really spent enough time getting worked through the market. Could definitely see downside pressure testing it out. But here's the flip side—this area has solid potential to hold as a bottom if buyers step up and defend above the supply point. Right now I've neutralized my position and I'm just watching how it plays out. Bitcoin's next move should tell us plenty.
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.
10 Likes
Reward
10
3
Repost
Share
Comment
0/400
unrekt.eth
· 12h ago
Hmm, the low level didn't fully fluctuate, maybe it needs to be hammered down again.
View OriginalReply0
BlockchainGriller
· 12h ago
Wait a minute, is this low point area really holding steady? Feels like it needs to be tested a bit more.
View OriginalReply0
MemeTokenGenius
· 12h ago
Wait, can this low point really hold? It still seems to depend on how BTC moves next.
The thing with lower timeframes is this low zone hasn't really spent enough time getting worked through the market. Could definitely see downside pressure testing it out. But here's the flip side—this area has solid potential to hold as a bottom if buyers step up and defend above the supply point. Right now I've neutralized my position and I'm just watching how it plays out. Bitcoin's next move should tell us plenty.