The situation for BITF is actually quite clear. The key is whether it can retake the resistance line at $2.83 (which is also the position of SMA20). Only by stabilizing above it can the bullish sentiment be regained.
From a risk perspective, the downside potential is actually limited. Currently, it is repeatedly testing within this range without showing any significant breakdown signals. Waiting for a confirmed breakout would be more prudent.
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JustHereForAirdrops
· 2025-12-29 12:02
2.83 is really a critical level that is tightly held; if it can't break through, don't even think about it
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Repeatedly testing this level, either break through or collapse, no middle ground
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If the resistance line can't be held, how can it look bullish? Still waiting for confirmation signals
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Limited downside space? I've heard that too many times, but what's the result?
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Just bet that it can hold steady at 2.83, otherwise this move will be a waste of effort
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OnchainFortuneTeller
· 2025-12-26 13:58
2.83 If it doesn't break, I'll just keep observing, no suspense.
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DoomCanister
· 2025-12-26 13:58
2.83 can't be broken really frustrating, need to wait for confirmation signal.
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CrashHotline
· 2025-12-26 13:55
2.83 is really that important? I feel like I tried multiple times but couldn't stabilize.
Wait, when you say limited downside space, does that mean the bottom is almost reached?
This move still depends on a confirmed breakout; otherwise, it's easy to get trapped.
The situation for BITF is actually quite clear. The key is whether it can retake the resistance line at $2.83 (which is also the position of SMA20). Only by stabilizing above it can the bullish sentiment be regained.
From a risk perspective, the downside potential is actually limited. Currently, it is repeatedly testing within this range without showing any significant breakdown signals. Waiting for a confirmed breakout would be more prudent.