Bitcoin's price action suggests wave-3 may have peaked locally. Should BTC break through the ascending trendline, we could see wave-4 developing with downward pressure. Watch the zone between $96,032 and $93,921—that's where key support is sitting. A hold above those levels would be crucial for bulls.
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MEVSandwich
· 6h ago
Here comes wave theory again. To be honest, this support level is a bit exhausting to watch... If it really breaks below that line, we need to be prepared.
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VitaliksTwin
· 8h ago
Here comes wave theory again. Will it be correct this time? Haha
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ZkSnarker
· 8h ago
wave-3 peaked and now we're staring at that support zone like it's the final boss... ngl if this breaks i'm grabbing popcorn, not shorting
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degenwhisperer
· 8h ago
96k has been broken. This time, it really depends on whether 93921 can hold, otherwise the wave theory will have to be rewritten again.
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MidnightGenesis
· 8h ago
On-chain data shows that this rebound is indeed a bit weak. I've been watching the 96k-93.9k range for a while. It's worth noting that the probability of a breakdown is not low. Based on past experience, wave theory is often repeatedly tested in such volatile markets.
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ForkItAllDay
· 8h ago
Crossing that line means game over... We must hold the 93,000 level at all costs.
Bitcoin's price action suggests wave-3 may have peaked locally. Should BTC break through the ascending trendline, we could see wave-4 developing with downward pressure. Watch the zone between $96,032 and $93,921—that's where key support is sitting. A hold above those levels would be crucial for bulls.