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Jimmy 米哥 🚀🚀🚀|Feb 13, 2025 02:30
BTC fell as expected from 97k, hitting a flat low before rebounding significantly. Q: Can this rebound continue?
-The rebound from 94k here captured the liquidity below 94.8k, but it was not overly exaggerated. Not falling below the green trend line in the chart does not constitute an exaggerated bearish trend.
-This is the fourth time in the past two weeks that the market has rebounded from a new low. So it's not particularly special.
-At present, it has rebounded to the orange trend line, which has always been a potential suppression point. Not many retail investors have seen this trend line.
-But regardless, the red trend line will continue to rise in the near future. It depends on how low this wave can detect. I think the maximum range is between 91-93.6k.
-I think there is a possibility of further decline because: 1 Last night's insertion was not exaggerated enough, it was still a very common low before rebounding. 2. It rebounded to the 98k pressure level again.
-Can we go up here directly? It's possible, but currently my system lacks certainty.
-Continue to hold the spot, if it turns down, open short.
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