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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Lee’s latest post!
👉 Post: https://www.gate.com/post/status/11758920
👉 Profile: https://www.gate.com/profile/Kevin%20Lee
Let’s give Kevin_Lee a warm welcome! 👏👏👏
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While the weekly trend suggests potential upward movement, as indicated by the temporary surpassing of the Back-Up-Against Creek [BUEC] zone with significant trading volume, the daily timeframe presents a different picture. The lack of clear direction on the daily chart, with #BTC price remaining stagnant above the Buying Climax [BS] zone of 31015-29885, indicates a possible decline in interest. According to the Wyckoff logic, a significant retracement to the Ice zone [27265-26970] on the daily chart is likely in the future. However, considering the time it took for Bitcoin to reach its current price, this retracement may not occur immediately. It might be delayed until more struggles and conflicts are observed within the daily BS zone.