Last night, Bitcoin dropped below 80,000
This morning it bounced back to 80,500
Not sure how many longs were taken out again
Brother Maji, this looks like a targeted explosion
Overnight, the market took it away again 📉
After liquidating Brother Maji, it went back up
Looks like the market specializes in dealing with all kinds of resistance
But this rebound is still quite strong
Last night it hit a low of 79,179
This morning it recovered back to 80,500
That's a rebound of over 1,300 points from the low
80,000 was still the support everyone was watching yesterday
After breaking below it
Today it stood back above it again
At least this shows that below 80,000
There are still some willing to catch the dip
80,500 is a key short-term level
It has indeed bounced back now
But above that, there's the 80,800 to 81,000 range
This area was where previous rebounds were resisted
If it can't break through this resistance area
Then the current rise
Might just be a technical rebound after a deep drop
After all, in the past few days
Each rebound peak was lower than the last
Recovering 80,000 is the first step
Whether it can hold above 80,500
And then break through 81,000
Is what’s really worth watching next
What do you think?
Is this the bulls finally starting to fight back
Or just another bull trap rebound? $BTC
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