#BTC is currently still in a major cycle monthly death cross, and in the stage of a double bottom rebound in the mid-to-short term cycles:
- Resistance is at the neckline near 94k and the daily Bollinger upper band near 96k. If it breaks through, we can directly look at the bat pattern; if it can't break through, there's a chance for a third dip and then a rebound. - Support is considered at the bottom of the ascending triangle, near 87k. - The bat pattern target at 104k is not a must, but since this pattern is currently expected, it's marked as a reference and can also be used as an alternative PRZ.
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#BTC is currently still in a major cycle monthly death cross, and in the stage of a double bottom rebound in the mid-to-short term cycles:
- Resistance is at the neckline near 94k and the daily Bollinger upper band near 96k. If it breaks through, we can directly look at the bat pattern; if it can't break through, there's a chance for a third dip and then a rebound.
- Support is considered at the bottom of the ascending triangle, near 87k.
- The bat pattern target at 104k is not a must, but since this pattern is currently expected, it's marked as a reference and can also be used as an alternative PRZ.