The situation for BITF is actually quite clear. The key is whether it can retake the resistance line at $2.83 (which is also the position of SMA20). Only by stabilizing above it can the bullish sentiment be regained.
From a risk perspective, the downside potential is actually limited. Currently, it is repeatedly testing within this range without showing any significant breakdown signals. Waiting for a confirmed breakout would be more prudent.
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OnchainFortuneTeller
· 10h ago
2.83 If it doesn't break, I'll just keep observing, no suspense.
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DoomCanister
· 10h ago
2.83 can't be broken really frustrating, need to wait for confirmation signal.
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CrashHotline
· 10h ago
2.83 is really that important? I feel like I tried multiple times but couldn't stabilize.
Wait, when you say limited downside space, does that mean the bottom is almost reached?
This move still depends on a confirmed breakout; otherwise, it's easy to get trapped.
The situation for BITF is actually quite clear. The key is whether it can retake the resistance line at $2.83 (which is also the position of SMA20). Only by stabilizing above it can the bullish sentiment be regained.
From a risk perspective, the downside potential is actually limited. Currently, it is repeatedly testing within this range without showing any significant breakdown signals. Waiting for a confirmed breakout would be more prudent.