$BTC just touched the 365-day moving average — first major support line in focus.
This level typically acts as the initial floor when price retraces from extended rallies. Clean test here. If it holds, could be a bounce zone. If it slices through with volume, next support layers come into play.
Watch how price responds over the next few sessions — acceptance above or rejection below tells you whether this MA still carries weight as structure.
This level typically acts as the initial floor when price retraces from extended rallies. Clean test here. If it holds, could be a bounce zone. If it slices through with volume, next support layers come into play.
Watch how price responds over the next few sessions — acceptance above or rejection below tells you whether this MA still carries weight as structure.
