BITF today pulled off another textbook bounce right at that $2.83 sweet spot. Here's the thing – this wasn't purely riding BTC's coattails, though Bitcoin's pump definitely gave it extra juice later in the session.
Heading into FOMC, the technical picture is pretty straightforward:
Your floor to watch? That pink zone at $2.83 – been holding like a champ. Ceiling overhead sits at $3.47 in purple – break that and we're cooking.
Moving averages are clustering tight: EMA20 parked at $3.11, EMA50 slightly above at $3.18. That compression usually means something's about to give. With the Fed decision looming, these levels matter more than usual.
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VitalikFanAccount
· 12-10 14:38
2.83 this level is really excellent, BITF is making a perfect rebound there
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Breaking 3.47 will really take off, looking forward to it
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EMA compression is so tight... there will definitely be big moves before the FOMC
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But honestly, I feel my strength in this rebound is still there, not just following BTC
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$2.83's moat is solid, really need to guard it well
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Moving averages are so close together, the next direction probably won't be too far
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Getting nervous, these resistance levels are becoming more and more critical before the FOMC decision
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It feels like we're about to break 3.47, a bit hard to hold on
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2.83 has been holding there all along, just waiting to see if 3.47 can give a clear move
View OriginalReply0
DEXRobinHood
· 12-10 14:35
$2.83 this level is really incredible, BITF is making a comeback here
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EMA is so tight, feeling like it might explode on the night before the FOMC
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Whether it breaks 3.47 depends on how the Fed decides, this wave is a bit risky
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Rebounding at $2.83 every time, this level is like glue
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Wait a minute, did BTC's recent surge not help BITF as much as expected? Interesting
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Honestly, it's just waiting for the FOMC—either it soars or crashes, no middle ground
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$2.83 has supported so many times, I'm almost convinced it's a steel bottom
View OriginalReply0
MerkleMaid
· 12-10 14:35
2.83 has stabilized again, this time not just following Bitcoin's trend
Breaking 3.47 is when it truly starts to rise
EMA is compressed so tightly, beware of a breakout before the FOMC
$2.83 is the bottom line, holding it firmly
3.11 and 3.18 this dead zone... what are we waiting for
BITF today pulled off another textbook bounce right at that $2.83 sweet spot. Here's the thing – this wasn't purely riding BTC's coattails, though Bitcoin's pump definitely gave it extra juice later in the session.
Heading into FOMC, the technical picture is pretty straightforward:
Your floor to watch? That pink zone at $2.83 – been holding like a champ.
Ceiling overhead sits at $3.47 in purple – break that and we're cooking.
Moving averages are clustering tight: EMA20 parked at $3.11, EMA50 slightly above at $3.18. That compression usually means something's about to give. With the Fed decision looming, these levels matter more than usual.