Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Analyst: BTC Shouldn't Fall Below Support Levels in Short Time Downwards

Analyst: BTC Shouldn't Fall Below Support Levels in Short Time Downwards

Bitget2024/10/25 10:55

Bitget news, crypto analyst Crypto Big Game Hunter posted that BTC rebounded strongly yesterday after getting support at the support level, and retraced after rebounding to 68,850 and encountering resistance, but today's retracement volume is not large, and it should not fall below the support level downward in a short period of time. However, the current decline in positions is not large, still at a high level, and there is no obvious positive signal on the funding side. So the probability of continuing to rise upward breakthrough is not great. At present, it is still the probability of scenario two appearing is relatively high.

1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!