#BTC reaches overlapping support zone, beware of rebound
2025-02-12
Category: None

📊#BTC reaches overlapping support zone, beware of rebound⚠️

🧠From a structural perspective, the highs are falling and the lows are falling, so we are still in this downtrend. But we just touched the overlapping support zone, so there is an expectation of rebound, be cautious about bearish! A more accurate bullish signal can focus on whether the long structure here is established.

➡️From a graphical perspective, we formed a descending wedge near the support zone, and we generally start to rise according to this model.

Let's see👀

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