1）Rumors in the market say that in the final leg of the BTC bear market, the highs and lows have been picked out;
If, after the first wave of rebound rallies, it does not break below the 0.786 Fib level, then the bull market is confirmed.
Based on the current position, it’s roughly that the $BTC price needs to stay above 76K.
2）There are also rumors that this is following a “Kowief accumulation” pattern.
We’re currently facing a resistance level at 82K. After pushing up, it falls back;
If we can’t hold the AR level (near the white dashed line around 76K in the chart), then it will set a new low.
Both scenarios point to the same place: 76K. Interesting...
Of course, if it can strongly break through the 82K level, then you can wave your arms and shout: the bull market is back!
For those who haven’t entered a position yet, right now is still the best range to build a position.
If, after the first wave of rebound rallies, it does not break below the 0.786 Fib level, then the bull market is confirmed.
Based on the current position, it’s roughly that the $BTC price needs to stay above 76K.
2）There are also rumors that this is following a “Kowief accumulation” pattern.
We’re currently facing a resistance level at 82K. After pushing up, it falls back;
If we can’t hold the AR level (near the white dashed line around 76K in the chart), then it will set a new low.
Both scenarios point to the same place: 76K. Interesting...
Of course, if it can strongly break through the 82K level, then you can wave your arms and shout: the bull market is back!
For those who haven’t entered a position yet, right now is still the best range to build a position.
