What has Bit done and what does it want to do?
2024-10-01

HEY, I'm back🫡

What happened to Bit: We were moving in an ascending channel and as you can see, after each hit to the bottom of the channel, we saw a 10% growth, but on the last 5% hit, we could consider weakness. Also, after breaking the 64480 resistance, the candles became smaller over time and a distribution was formed in a lower time frame, and our volume was also killed :)

For these reasons, we could give the possibility of falling↘️

What does the next part of the beat want to do?

I think we are at an important decision point and there is a high probability that we will stay between resistance and support and not make a particular move, but if the 64480 resistance breaks the long position we can 
 If the support of the 62650 position is broken now, we can take a short position, I need to create a more structured market to get more information. And I will update👨‍💻

This analysis is just my opinion and it can be wrong😉



⚠️Do capital management⚠️