Based on this week's market performance, Friday indeed continued the downward trend. When the price retraced to the four-hour chart's support zone, this level typically serves as a turning point for a rebound.
If the support level can hold steady, the next focus should be on the upward target levels. The 883,500 level is not considered an overly aggressive target, with only about 1,500 points of room relative to the current price. From a technical perspective, it remains worth watching. The key moving forward is to observe whether Bitcoin can effectively break through this resistance and whether trading volume can support the move.
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MrDecoder
· 3h ago
Time to check the support level again, one story a week haha
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Degen4Breakfast
· 3h ago
If the support level can really hold steady, there's hope. But with the current volume... it's a bit weak.
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SerLiquidated
· 3h ago
It dropped again, is the support level holding up?
Based on this week's market performance, Friday indeed continued the downward trend. When the price retraced to the four-hour chart's support zone, this level typically serves as a turning point for a rebound.
If the support level can hold steady, the next focus should be on the upward target levels. The 883,500 level is not considered an overly aggressive target, with only about 1,500 points of room relative to the current price. From a technical perspective, it remains worth watching. The key moving forward is to observe whether Bitcoin can effectively break through this resistance and whether trading volume can support the move.