2025-12-17 03:21:55

Why $2.37 Matters for $BITF

Sure, plenty of traders are calling for lower levels—there are support zones below that could catch it. Fair point. But here's the thing: $2.37 isn't just another line on the chart. It's the neckline of a head and shoulders pattern, and today's low completed that setup.

That's significant. When a H&S pattern completes, the neckline becomes critical. Hold it, and the narrative stays open. Break it, and sellers have a clear path to lower prices. The technicals are lining up to test this level. Worth watching closely over the next move.

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OnchainHolmes

· 2025-12-19 10:43

Once the head and shoulders top breaks out... it's no longer a joke, it directly signals a green light for the bears.

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DaisyUnicorn

· 2025-12-17 03:54

The head and shoulders top is complete. The $2.37 line is no joke; if it's broken, you have to run.

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RamenStacker

· 2025-12-17 03:51

Head and shoulders top breakout, I've heard this explanation too many times... Can 2.37 really hold? I think it's uncertain. --- Another head and shoulders top, is this time really different? Anyway, I don't believe it anymore. --- Breakouts happen, instead of staring at 2.37, better to see where the next support is. --- For $BITF, no matter how good the technical story is, it can't compete with a market plunge. --- If it can't hold 2.37, it's troublesome, but I bet the chance of it breaking is higher. --- What does a neckline break mean? Everyone knows, but the question is whether it's a real break or a fake. --- Watching a good show, 2.37 might turn into a new resistance level. --- $BITF has been testing my patience. --- Don't make it so complicated, just look at whether the candlestick breaks or not. --- Head and shoulders top completed... sounds like it's just looking for an excuse for the decline.

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shadowy_supercoder