$BTW : Recovery or Further Downside? What Comes Next?
BTW remains under strong selling pressure after repeated attempts to recover failed to gain momentum. The 1H chart continues to show lower highs, suggesting that bears are still controlling the short-term structure.
A breakdown below nearby support could trigger another move lower, while losing the next demand zone may expose BTW to further downside.
On the bullish side, reclaiming the key resistance zone with strong buying volume could shift momentum and open the door for a recovery toward higher levels.
For now, sellers maintain the advantage, but a confirmed breakout could change the market structure. Watch how price reacts around key support and resistance before making a decision.
What do you think comes first: a deeper drop toward $1.30 or a recovery toward $2.00? Share your analysis in the comments.
DYOR (Do Your Own Research).
BTW remains under strong selling pressure after repeated attempts to recover failed to gain momentum. The 1H chart continues to show lower highs, suggesting that bears are still controlling the short-term structure.
A breakdown below nearby support could trigger another move lower, while losing the next demand zone may expose BTW to further downside.
On the bullish side, reclaiming the key resistance zone with strong buying volume could shift momentum and open the door for a recovery toward higher levels.
For now, sellers maintain the advantage, but a confirmed breakout could change the market structure. Watch how price reacts around key support and resistance before making a decision.
What do you think comes first: a deeper drop toward $1.30 or a recovery toward $2.00? Share your analysis in the comments.
DYOR (Do Your Own Research).