🧭 Data Snapshot: $BTC ｜Breaking above the 84,000 level
· Definition: To confirm whether a breakout is valid, common criteria include: the close is on the other side of the level, a pullback fails to cross back below it, and trading volume increases during the breakout.
· How to read it: It’s not uncommon for prices to break above a level and then fall back below it. That’s why many people prefer to wait for the price to hold above the level at the close before counting it as a breakout, rather than chasing the move as it happens.
All indicators summarize price movements that have already occurred; the market can always move in the opposite direction.
#BTC
· Definition: To confirm whether a breakout is valid, common criteria include: the close is on the other side of the level, a pullback fails to cross back below it, and trading volume increases during the breakout.
· How to read it: It’s not uncommon for prices to break above a level and then fall back below it. That’s why many people prefer to wait for the price to hold above the level at the close before counting it as a breakout, rather than chasing the move as it happens.
All indicators summarize price movements that have already occurred; the market can always move in the opposite direction.
#BTC