Blue line failed to hold ✅
Price dropped into the purple demand zone ✅
$BTC
So far, we’ve seen a bounce from demand, but Bitcoin is now showing two consecutive inside days and remains below the daily MA21.
The indicators haven’t confirmed a bottom yet, so another low — potentially forming a bear trap — is still possible over the next few days.
A break and close above the brown line would suggest the bottom is in, opening the door to a retest of the recent highs. 👀
Price dropped into the purple demand zone ✅
$BTC
So far, we’ve seen a bounce from demand, but Bitcoin is now showing two consecutive inside days and remains below the daily MA21.
The indicators haven’t confirmed a bottom yet, so another low — potentially forming a bear trap — is still possible over the next few days.
A break and close above the brown line would suggest the bottom is in, opening the door to a retest of the recent highs. 👀