Rekt Capital|Nov 04, 2026 16:23
#BTC
Great to see such a reaction from ~$76800 from Bitcoin
However let's not forget what we're looking for, which is whether ~$76800 is weakening as support
"Any lesser rally than the mid-September uptrend originating from this local ~$76800 support would be a sign of weakening support"
In mid-September, Bitcoin rallied +13% to the upside from ~$76800
Bitcoin bounced +5.5% today
If Bitcoin can't break $80400 (orange) and especially $82300 (blue) then price will have produced a lesser rally
Which would cast in doubt on the strength of the ~$76800 level as a demand level
Macro-wise, pullbacks are for scaling in
But for the next 2-3 months, there's still potential scope for lingering weakness which could provide opportunities for the long-term
The solution to marrying both approaches is dollar-cost-averaging
BTC #Bitcoin
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink