I've been around this market long enough to know $80K getting tested three times for $BTC means the level is important, not that a breakout is guaranteed.
Every time we’ve seen repeated tests of a round number like this, one of two things usually happens: either buyers finally push through with volume and we run, or the third rejection sends us lower to shake out the weak hands.
Right now, the only thing I am bothered about is if $80K hold as support on the next dip, or does it flip back to resistance? If we lose it cleanly, $65K is the more realistic next stop before any serious bounce. If we close above it with strength, $94K becomes the logical target.
I’ve stopped guessing the exact day. I'm just watching the closes and the volume.
Patience still pays more than FOMO in this game.
Every time we’ve seen repeated tests of a round number like this, one of two things usually happens: either buyers finally push through with volume and we run, or the third rejection sends us lower to shake out the weak hands.
Right now, the only thing I am bothered about is if $80K hold as support on the next dip, or does it flip back to resistance? If we lose it cleanly, $65K is the more realistic next stop before any serious bounce. If we close above it with strength, $94K becomes the logical target.
I’ve stopped guessing the exact day. I'm just watching the closes and the volume.
Patience still pays more than FOMO in this game.