$WTC This wave has really tanked hard.
In just 15 minutes, we saw a direct drop of 39%, with the current price sitting at 0.0103. The 24-hour decline has exceeded 56%, and the market has clearly entered a panic sell-off phase.
Right now, the 24h structure still looks weak, and short-term, weโre likely to see continued downward pressure. Bearish sentiment hasnโt shown any signs of easing yet.
However, the key level to watch is the 0.01 psychological barrier. If we lose that level decisively, we might continue to test lower lows; but if we can hold here, a short-term rebound from the oversold conditions isnโt out of the question.
So at this stage, keep a close eye on the support at 0.01 below, while the initial resistance level to watch above is around 0.0231.
In this kind of market, donโt jump in to catch the falling knife, and definitely donโt go all-in recklessly.
#WTC #BTC