BTC rebounded about 2,000 points from the lows of the past two days, but the process hasn’t been smooth. It was repeatedly shaken out many times in between.
I believe it’s building up a big rebound, and there will still be repeated false breakdowns and stop-outs along the way. As long as it doesn’t break below the low at 75k, it should be fine. So for the family members who are following to buy the dip, you can bring a capital-preservation defensive measure.
After reaching the 780–785 area today, it may pull back, then slightly retest just below 77 before making another push up, and finally test the confluence resistance around 79–80!
I believe it’s building up a big rebound, and there will still be repeated false breakdowns and stop-outs along the way. As long as it doesn’t break below the low at 75k, it should be fine. So for the family members who are following to buy the dip, you can bring a capital-preservation defensive measure.
After reaching the 780–785 area today, it may pull back, then slightly retest just below 77 before making another push up, and finally test the confluence resistance around 79–80!
