BTC has fallen again 📉 After touching the key support level, whether it rebounds significantly is the key to whether this bull market can continue‼️
The BTC support levels below, with a dense order area of 106600—105600, are the key support rebound zone for this drop
The previously mentioned lower support position of the converging triangle, combined with the dense order supply zone
At the same time, I have also mentioned that the support at 102000 on the 11th is actually deviating too much based on the magnitude of the liquidation drop, and the support at 103500 on the 17th has almost formed a similar double bottom structure
This support is still very important. If the support at 106600—105600 can hold today, the subsequent rebound should be very large, which should be considered strong support
If this support is broken, then bulls can only pray for another double bottom to find support near 102000, and I can only say it's a prayer, the probability is relatively low
Breaking it means that Bitcoin will officially enter a major downward trend
The BTC support levels below, with a dense order area of 106600—105600, are the key support rebound zone for this drop
The previously mentioned lower support position of the converging triangle, combined with the dense order supply zone
At the same time, I have also mentioned that the support at 102000 on the 11th is actually deviating too much based on the magnitude of the liquidation drop, and the support at 103500 on the 17th has almost formed a similar double bottom structure
This support is still very important. If the support at 106600—105600 can hold today, the subsequent rebound should be very large, which should be considered strong support
If this support is broken, then bulls can only pray for another double bottom to find support near 102000, and I can only say it's a prayer, the probability is relatively low
Breaking it means that Bitcoin will officially enter a major downward trend
