🐋 WHALE WATCH: The capitulation we needed ?


Looking at the 1D chart, $BTC has remained respected within this macro descending channel since October. We just witnessed a brutal rejection from the mid-line, leading to this flush toward the $35k-$40k support zone.
Historically, these vertical flushes exhaust the bears. Watch for a reclaim of the dotted median line as the first sign of a reversal. Until then, patience is a position.
Stay disciplined.
BTC-0.5%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский язык
  • Français
  • Deutsch
  • Português (Portugal)
  • ภาษาไทย
  • Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)