Keep Eyes๐ on it
Support Bounce:
BTC touched the pullback level and showed a strong bounce, indicating buying interest at this zone.
This level acted as a liquidity grab, where price briefly dropped before reversing upwards.
Volume Declining:
Even though BTC bounced from support, the volume is going down, suggesting weak bullish momentum.
If volume does not increase, this bounce could be short-lived, and BTC may face another decline.
Key Scenarios:
Bullish Case: If BTC sustains above the strong support level with rising volume, we could see a continuation towards resistance.
Bearish Case: If BTC fails to gain volume and momentum, a lower high could form, leading to another drop.
Watch for:
Breakout above trendline with strong volume for bullish confirmation.
Rejection near resistance & declining volume for a possible short opportunity.
๐ Key takeaway: BTC needs volume to sustain an uptrend. If volume remains weak, expect sideways movement or a pullback!
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