In prior cycles, the weekly low was rarely the bounce everyone wanted. It was usually the next place price went to finish the flush.
The hard part is buying too soon because sitting in cash feels like missing the bottom. You catch a green candle, size up, and then realize you were early while the move still had room to run.
A continuation lower still looks likely from here, with the weekly low near 80.3k and the 80k low as the first areas that matter. Those shelves collect stops and late dip buys, which is why $BTC has a habit of visiting them when momentum is still pointing down. I've watched this in earlier drawdowns: a tired bounce, a slide back into the weekly low, sometimes a wick through the round number, and only then a real fight over whether buyers show up.
$ETH usually follows that script instead of saving it. A pause is not the same thing as a reversal, and a round number is not support just because it looks clean on the chart. It only becomes interesting after it gets tested and the market proves it can hold.
Anyone else treating 80k as a magnet rather than a floor?
#Bitcoin #Crypto #BTC
The hard part is buying too soon because sitting in cash feels like missing the bottom. You catch a green candle, size up, and then realize you were early while the move still had room to run.
A continuation lower still looks likely from here, with the weekly low near 80.3k and the 80k low as the first areas that matter. Those shelves collect stops and late dip buys, which is why $BTC has a habit of visiting them when momentum is still pointing down. I've watched this in earlier drawdowns: a tired bounce, a slide back into the weekly low, sometimes a wick through the round number, and only then a real fight over whether buyers show up.
$ETH usually follows that script instead of saving it. A pause is not the same thing as a reversal, and a round number is not support just because it looks clean on the chart. It only becomes interesting after it gets tested and the market proves it can hold.
Anyone else treating 80k as a magnet rather than a floor?
#Bitcoin #Crypto #BTC