[Market Insight] BT Showing Signs of Reversal After Extended Decline
After a sustained downtrend, BT has found solid support near 30.40. It recently touched a low of 30.55, accompanied by significant bottom-volume and a narrowing MACD green bar—indicating weakening bearish momentum.
This pattern reflects a classic “waterfall decline + weakening pressure” setup. Once a rebound is confirmed, a sharp corrective rally could follow.
We’ve initiated positions at 30.50. Our short-term target is 31.20, with potential to challenge the previous high at 32 upon breakout.
Stay sharp—momentum may shift quickly.
