📰 From Resistance to Support: The Final Piece of the Puzzle in BTC’s Bottoming Phase—The Bull-Bear Transition Bitcoin is testing key cost levels and is currently in a standoff between short-term holders seeking to break even and selling pressure. The bottoming logic suggests that the market must undergo sufficient turnover to absorb weak hands and withstand macroeconomic policy pressures before transforming “break-even resistance” into an “upward support.” https://t.co/oP2mXLDaGd
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.