Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Bitcoin might've just carved out a local bottom based on what we're seeing lately. If that holds true, a corrective bounce upward is pretty much on the table—think wave-iv territory in Elliott terms.



Resistance zone to watch? Somewhere between 87,947 and 96,897. That's where sellers could step back in.

There's a scenario playing out where bulls could build momentum from this level. The setup looks interesting if you're mapping potential upside moves. Could get spicy if momentum catches.
BTC2.23%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
AirdropHuntressvip
· 7h ago
The data looks good, but I need to verify the historical trends for the 87k-96k resistance zone myself, so I don't get fooled.
View OriginalReply0
CodeZeroBasisvip
· 7h ago
The Elliott Wave Theory is back again. Can it really rebound this time? It looks a bit doubtful to me.
View OriginalReply0
BearMarketBuildervip
· 7h ago
Local bottom? Bro, only if you can hold through this wave, that's real.
View OriginalReply0
GasOptimizervip
· 7h ago
Bottom confirmation? Don't joke, can this rebound really last past 90k?
View OriginalReply0
MoneyBurnerSocietyvip
· 7h ago
87k to 96k? I'll bet five bucks it'll crash through 88k. --- Local bottom? Yeah right, I believed that last time too. --- wave-iv? Bro, are you saying my funds are about to enter wave-liquidation? --- Here we go again with the Elliott theory. Why am I always buying at the wave top? --- Interesting setup? Just like every time I try to buy the dip—losses. --- If momentum comes in, it's over. I'm the market's reverse indicator. --- Where will sellers be? I'll be the one stopping out there first.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)