
Murphy|5月 07, 2026 08:28
Continuing the data update......
This is the last meaningful resistance level for the $BTC bear market rebound. In other words, if we follow the rebound logic, it should encounter resistance at the green line, then pull back to the red or yellow line to seek support and confirmation.
If it smoothly breaks through multiple key resistance levels and then glides past the green line, it can no longer be considered a rebound.
The next scenario might involve using the green or red line as a support level (high-level consolidation), with the price driving the red line upward, crossing the green line, and completing the confirmation of a trend reversal.
One more thing to note: This is an assessment of small-scale short-term price behavior. Whether it breaks out or pulls back, it does not contradict the larger-scale data performance (you can interpret it as: if it pulls back, it’s an opportunity, not a risk).
If you don’t understand what I’m saying or want to review past cycle data, I recommend checking the reference first.
Timeline