Some analysts say that BTC’s bounce was a dead-cat bounce.
From a technical analysis perspective, this statement requires clarification. First, a dead-cat bounce is confirmed only when the prior low is broken. Second, the more accurate expression would be, ‘The bounce is within a dead-cat range.’ The cat can revive if the bounce continues without making a new low.
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Some analysts say that BTC’s bounce was a dead-cat bounce.
From a technical analysis perspective, this statement requires clarification.
First, a dead-cat bounce is confirmed only when the prior low is broken.
Second, the more accurate expression would be, ‘The bounce is within a dead-cat range.’
The cat can revive if the bounce continues without making a new low.