BTC has once again pulled back to test its previous low, and whether it can hold has become the focus of attention.
The area around the previous low is usually where stop-loss orders from both bulls and bears are most concentrated. Major players often make repeated moves in this zone, which can easily lead to a false breakdown designed to lure in shorts, or a low-volume, gradual decline that traps traders. If there is no confirmation of strong buying support, the risk of a second break below the low should not be overlooked.
While the crypto market works to form a bottom, fund flows in traditional safe-haven assets are also worth watching closely. Prioritize defense; watch more and trade less.
$BTC
The area around the previous low is usually where stop-loss orders from both bulls and bears are most concentrated. Major players often make repeated moves in this zone, which can easily lead to a false breakdown designed to lure in shorts, or a low-volume, gradual decline that traps traders. If there is no confirmation of strong buying support, the risk of a second break below the low should not be overlooked.
While the crypto market works to form a bottom, fund flows in traditional safe-haven assets are also worth watching closely. Prioritize defense; watch more and trade less.
$BTC