#BTC market data technical analysis. Check it out!
①: There is a position in the current short cycle. If it is accompanied by liquidity clearance and gives a good response in the supply OP range, and starts to build a bottom, it is a position worth trying. (See Figure 1) The small OP position is near 180300. ②: If the small position supply area does not receive effective support (see Figure 2), then the bulls will gradually start to fail subsequently. A descending triangle may form, leading to further decline in price.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#BTC market data technical analysis. Check it out!
①: There is a position in the current short cycle. If it is accompanied by liquidity clearance and gives a good response in the supply OP range, and starts to build a bottom, it is a position worth trying. (See Figure 1) The small OP position is near 180300.
②: If the small position supply area does not receive effective support (see Figure 2), then the bulls will gradually start to fail subsequently. A descending triangle may form, leading to further decline in price.
OVER!