It’s a mistake to conclude that the support zone has been lost based on the low of a still-open candle. The low only shows how far the price reached; the 4-hour candle must close to decide.
The exchange’s standard 4-hour candle for 19:00–23:00 closed at USD 80,427.69, above the upper edge of the USD 80,207.83 support zone, even though its low dipped to USD 79,451. The low of the still-open candle doesn’t confirm a loss of the zone—and this time, it didn’t.
At 23:05 Vietnam time, the price was around USD 80,276, still above the zone. I’ll maintain that the zone hasn’t been lost until a candle closes below it.$BTC
The exchange’s standard 4-hour candle for 19:00–23:00 closed at USD 80,427.69, above the upper edge of the USD 80,207.83 support zone, even though its low dipped to USD 79,451. The low of the still-open candle doesn’t confirm a loss of the zone—and this time, it didn’t.
At 23:05 Vietnam time, the price was around USD 80,276, still above the zone. I’ll maintain that the zone hasn’t been lost until a candle closes below it.$BTC