$BTC I’ve put my BTC observation zone at 76,300—77,100.
One end is close to yesterday’s low; the other end is near the daily 20-period moving average. Right now it’s still around 78,000, and it’s some distance from the spot I want to study for support/takeover, so there’s no need to take action yet.
If it really comes back there, first check whether the sell volume on the way down shows signs of convergence, and whether the lows can stop making lower lows. If around 76,000 it also can’t hold, then keep waiting further.
When the price reaches the area, that’s only the beginning of the research—it can’t automatically become a reason to buy.
One end is close to yesterday’s low; the other end is near the daily 20-period moving average. Right now it’s still around 78,000, and it’s some distance from the spot I want to study for support/takeover, so there’s no need to take action yet.
If it really comes back there, first check whether the sell volume on the way down shows signs of convergence, and whether the lows can stop making lower lows. If around 76,000 it also can’t hold, then keep waiting further.
When the price reaches the area, that’s only the beginning of the research—it can’t automatically become a reason to buy.