Bitcoin has just touched a key resistance level on the long-term timeframe. This area converges with a Gap and POC (Point of Control), indicating significant market participant psychology and liquidity. From a technical pattern perspective, this is an ideal short entry point. The market is facing resistance at this level and may experience a pullback in the short term. Consider building short positions at this level and monitor the performance of the support levels below. The next move for BTC depends on whether it can effectively break through this resistance.
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HodlKumamon
· 11h ago
Oh no, it's the same old story of Gap and POC. The data suggests a 73% probability of this correction, but the bear is still a bit reluctant to go short...
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Based on historical backtesting, this pattern has succeeded 19 out of the first 23 times, which is statistically significant. But I still feel bad for those caught in the trap, boohoo.
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Hmm... short-term pressure is indeed present, but the bear still wants to see how long the support below can hold. Falling down might actually be a good opportunity for dollar-cost averaging, right?
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Pinpointing these resistance levels is easier said than done. In practice, it's easy to lose your composure. I've decided to hold half my position for peace of mind.
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Although the shorting logic isn't flawed, I still feel like there's some kind of reversal coming... I looked through historical data, and the accuracy of these signals isn't as high as I imagined.
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Gap+POC convergence ≠ necessarily unbreakable. Maybe this time is just the exception. Moderately pessimistic, but it's better to keep a smaller position for safety.
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governance_ghost
· 11h ago
Honestly, I've seen this resistance level a long time ago, just waiting to cut the leeks haha
The bears are a bit too crowded, making it easier to get eaten
Weakly asking, could it be another false breakout?
If it rebounds again this time, blame me for not warning you
POC stuff, it doesn't seem that accurate, up to you whether to believe it or not
Looks like it's going to crash, but I will still keep some long positions to hedge against the unexpected
Is it going to pull back again? My long positions are about to be trapped again
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HashRateHermit
· 11h ago
Coming back with bearish rhetoric? Every time they say this is the perfect shorting point, but what happens...
Wait, the gap and POC are both here? That does suggest something...
To be honest, the probability of a short-term pullback is quite high, but don't go all-in short, brother.
How about the support below? That's the real key, right?
Got caught again... When will this resistance level finally break?
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SatoshiNotNakamoto
· 11h ago
It's the same old spiel again, gap and poc, I've heard it a thousand times.
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AirdropHunterXM
· 11h ago
It's the same old story... Every time it's "key resistance" and "ideal short," and then it just surges.
With so much POC accumulated here, it actually indicates that the bulls are lurking, right?
Honestly, after analyzing this kind of situation repeatedly, I feel a bit numb. Let's wait until a breakout before commenting.
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GateUser-2fce706c
· 11h ago
I've already mentioned that this wave would experience volatility. Now you understand, right? Opportunity knocks, everyone. The first-mover advantage is right here.
Bitcoin has just touched a key resistance level on the long-term timeframe. This area converges with a Gap and POC (Point of Control), indicating significant market participant psychology and liquidity. From a technical pattern perspective, this is an ideal short entry point. The market is facing resistance at this level and may experience a pullback in the short term. Consider building short positions at this level and monitor the performance of the support levels below. The next move for BTC depends on whether it can effectively break through this resistance.