Bao Long
@skikes1891
š§ Interpretation (Simple Terms): BTC has recently fallen below a key support level but seems to be holding in a strong demand zone (yellow box). The blue arrow projection suggests a potential bullish reversal. Traders might be waiting for confirmation ā i.e., price moving back above the Ichimoku cloud and previous resistance before turning fully bullish. šØ What to Watch For: Support Holding: If BTC stays above ~$82,000, bulls may take control. Cloud Breakout: A move above the Ichimoku cloud (around $90K+) would be a strong bullish signal. Volume Confirmation: Watch for rising volume during upward moves to confirm buying pressure.
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