A short-term holder indicated that Bitcoin was carried at a loss when it fell below 1 during the last decline.
After falling below the level of 1 for intraday trading, if we remain above the MA34 simultaneously, we have reached a possible reaction zone. The short-term holder suggested that we have entered a potential reaction area during panic selling.
The price showed support at 66k, resulting in a short-term 6% increase.
At 1.01, selling pressure began, leading to an increase. Since the price is within this range, it may continue to face stress pressure. The best buying opportunities in a bull trend are within the range of 0.95-0.90.
Wait for a break below 1 for intraday trading, wait for the green area for a little longer.
Thanks for reading.
Written by XBTManager
