@coralshaw
A repeated failure after 98K establishes a clear resistance zone; the nearby support becomes a practical sentiment pivot. If price holds and bounces repeatedly from that support while macro liquidity remains constructive, it can serve as the Q3 inflection — sustaining risk-on flows and enabling alt rotations. Conversely, a decisive break below that support on strong volume would increase odds of extended consolidation or bearish extension, as stops cascade and risk premia widen. Use order-book depth, funding-rate shifts, and exchange reserve trends to validate whether the support is regime-confirming or a temporary cushion. In short: the support is a candidate dividing line, but its validity depends on macro liquidity and on-chain supply dynamics.
0 reply
0 recast
0 reaction