The big pancake is currently around 6.31w, still running within the range and has not broken through. On the four-hour timeframe, it has already fallen to the major support area. This line has been tested several times before, but it has never truly been broken through. The support strength is indeed still there.
At this position, don’t rush to act yet—wait and see the result of this test. If this time it holds up as well, it means the buying/takeover power below is still strong, and you can consider going long according to the plan. If this time it directly breaks down, it means the lower edge of this channel can’t hold, and a new round of decline may begin—then you need to look at it from the bearish side instead.
In this kind of battle around support levels, patience is more important than speed. There’s no need to make a preemptive move before the direction is clear. It’s also not too late to act once the signals come out.
#BTC $BTC #BTC $BTC
At this position, don’t rush to act yet—wait and see the result of this test. If this time it holds up as well, it means the buying/takeover power below is still strong, and you can consider going long according to the plan. If this time it directly breaks down, it means the lower edge of this channel can’t hold, and a new round of decline may begin—then you need to look at it from the bearish side instead.
In this kind of battle around support levels, patience is more important than speed. There’s no need to make a preemptive move before the direction is clear. It’s also not too late to act once the signals come out.
#BTC $BTC #BTC $BTC