$BTW 7 made a new low today, with the current price at 0.874 and the previous low at 0.8866.
After a new low, there are generally three possible scenarios:
① It rebounds to the previous low, then falls again: the decline continues
② It fluctuates around the previous low: consolidation, waiting for direction
③ It quickly recovers the previous low and holds above it: a false breakdown
It is currently below the previous low. Watch to see whether it follows scenario ① or ②.
After a new low, there are generally three possible scenarios:
① It rebounds to the previous low, then falls again: the decline continues
② It fluctuates around the previous low: consolidation, waiting for direction
③ It quickly recovers the previous low and holds above it: a false breakdown
It is currently below the previous low. Watch to see whether it follows scenario ① or ②.