$BTC

IBIT is hanging by a thread: The $49.64 support level determines life and death!

The game on the edge of a cliff

iShares Bitcoin Trust (IBIT) is hanging by a thread, the $49.64 support level is on the verge of collapse. If it breaks, the abyss of $30 is just around the corner, and investors' hearts race. Hold it, and the dawn of $52.85 emerges, sparking hopes of a turnaround. This is not a digital game; it is the belief in wealth and collision!

Technical undercurrents

The price is struggling in the fourth wave of a five-wave cycle, and the upward channel has reached its peak at $52.85. Is the Fibonacci defense line at $41.66 at risk? Once it is breached, the cold valley of $27.35 beckons. The modification period is like the calm before the storm, with underlying anxieties. Do you dare to take this risk?