Take a look at Bitcoin's recent performance. Previously, during periods of low trading volume and narrow fluctuations at the bottom, it repeatedly shook out, gradually breaking through that downward trendline. What is the current situation? In the short term, Bitcoin is likely to test the support strength of the trendline again—around the 84,000 level.
The key point is this: if the price can retrace to near the trendline and not break below it, the signal becomes very clear. In this scenario, there is a high probability of a short-term oversold rebound. Once the rebound starts, the main resistance levels above are in the 94,000 and 98,000 ranges.
In other words, from the current technical pattern, although there may be a short-term correction test, if the support holds, the subsequent upward potential is actually quite promising.
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YieldChaser
· 8h ago
If the 84,000 level breaks, it feels like everything is over. Right now, it's all about this line—either a rebound or a collapse.
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BlockchainArchaeologist
· 8h ago
If it can hold around 84,000, there is indeed hope ahead.
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MetaverseVagabond
· 8h ago
Breaking below 84,000 and bouncing back is the real profit point. This wave depends on the support strength.
Wait a bit longer, if it breaks the level, I'll run.
Do we still have a chance between 94 and 98?
This technical pattern is basically a bet on support.
Trend lines are often the least reliable at critical moments.
How likely is it to bounce back without breaking the level? Honestly, who dares to guarantee?
Short-term corrections are obvious to everyone, but the question is whether we can really hold onto 84,000.
The upward potential sounds good, but it really depends on market sentiment.
Waiting to see how 84 performs—that will be the watershed.
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FreeRider
· 8h ago
84000 is the key. Whether it breaks or not depends on this, it feels like the washout game is about to start again.
Take a look at Bitcoin's recent performance. Previously, during periods of low trading volume and narrow fluctuations at the bottom, it repeatedly shook out, gradually breaking through that downward trendline. What is the current situation? In the short term, Bitcoin is likely to test the support strength of the trendline again—around the 84,000 level.
The key point is this: if the price can retrace to near the trendline and not break below it, the signal becomes very clear. In this scenario, there is a high probability of a short-term oversold rebound. Once the rebound starts, the main resistance levels above are in the 94,000 and 98,000 ranges.
In other words, from the current technical pattern, although there may be a short-term correction test, if the support holds, the subsequent upward potential is actually quite promising.