18.6, today is a lucky number, but I don't know if the news at night will be good for everyone 😆
Just a gentle reminder that if you're holding a position, you should monitor the coffee shops while it's fluctuating. Otherwise, you should go to bed early 😍
💥 Currently, the price is still on track as outlined by the team and pinned in the comment from yesterday afternoon.
--> After successfully completing the large head and shoulders pattern on H1, looking picturesque, the BTC market is experiencing a technical rebound. You often hear the team mention this phrase a lot - "pullback" - "technical rebound" --> It simply means to balance supply and demand like all other markets or existing trading markets. You can't be overbought/oversold forever.
--> Therefore, during a pullback, the trend can still continue normally if it hasn't surpassed the significant levels. Thus, catching the exact bottom/top is essentially a matter of luck - sometimes you're too excited, and the price reverses suddenly 😆
--> The team previously wrote about common "technical traps," including pullbacks. If you haven't checked the page, you can search for the term and find it.
--> Both H1 and H4 have lost all significant levels, so a positive PKI on H1 and a slight positive on H4 at this moment is just a technical rebound in a downtrend, and it could reverse at any time.
--> If H1 is strongly rejected at 105.5-105.7, then there could be a small head and shoulders pattern forming and retesting the bottom + further decline.
💥 Holding above 104.5 provides the opportunity to break 105.7 and retest the significant area to return to the upward momentum: 106.5-107.
💥 Unless in moments of collaboration, driving, or handling stressful tasks, the team always takes the time to update, reply to comments, and help everyone. However, many comments get hidden, or on some days there are hundreds of comments on posts, so the team can't reply to all of them. Thank you for your understanding!!
--- Love all ---
