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📖 Day 1 · Quiz (Single Choic
The Bitcoin market has recently shown an interesting turning point. The long-term falling trend seems to be undergoing an internal struggle, showing signs of possible change. The latest market data shows that the BTC price has just reached a key trend reversal line, which is a signal worth following.
It is worth noting that the price has not fallen below the important support level of $1085. This means that the current oscillating upward trend still exists, although it seems somewhat fragile. We have just witnessed $1133 becoming the new short-term high, and now the market is looking for new lows.
The swing pattern between these highs and lows is crucial for determining future trends. Investors and traders should closely monitor the position of the next low that forms, as it will provide us with important clues about market strength and the potential extent of a rebound.
Overall, although the market is still in an uncertain state, these signs indicate that we may be at a potential turning point. However, it is still necessary to remain cautious and closely follow more market signals before making any trading decisions.