Bitcoin has formed an obvious double bottom pattern near the key support level of 85K. From the trend perspective, this breakout was accompanied by strong trading volume, indicating increasing market participation.
What does this signal usually mean? Simply put, when the price repeatedly hits the bottom at the support level and breaks through with volume, it often signals a preparation phase for an upward trend. From a technical standpoint, if this double bottom pattern can be confirmed, the next resistance level may be around 98K.
For traders, the current position is actually a good consideration zone. Before a larger rally arrives, taking the opportunity to position oneself is a relatively friendly rhythm for participants. But the prerequisite is to see whether the trading volume can sustain this level—if the volume is insufficient, the breakout might just be a false alarm.
The key is to closely monitor whether 85K can hold steady and whether subsequent price actions are supported by volume. If both conditions are met, the upward potential is indeed worth looking forward to.
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All-InQueen
· 01-09 18:13
Double bottom is indeed attractive, but I'm worried it might be another trap to lure more buyers... Trading volume needs to keep up, otherwise I'll just keep watching the show.
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Rekt_Recovery
· 01-08 08:31
volume dried up tho... seen this movie before and got liquidated for it lmao
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TerraNeverForget
· 01-08 04:15
Double bottom with volume again? I've seen this trick too many times. The key is to see how long the volume can sustain, otherwise it's just working for the high-position bagholders.
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SoliditySlayer
· 01-08 02:42
I'm tired of hearing the double bottom breakout theory. The key is whether the trading volume can support it or not; otherwise, it's just playing around.
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GateUser-2fce706c
· 01-07 04:46
Double bottom is just a double bottom, don't make it so complicated. The key is whether the volume supports it or not; otherwise, it's just a false alarm. I've said this a long time ago.
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SilentAlpha
· 01-07 04:45
The idea of a double bottom breakdown has been heard too many times; in the end, it all comes down to volume. Without volume, everything is pointless.
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ProofOfNothing
· 01-07 04:43
I've heard the explanation of double bottom breakdown too many times. How many can truly stand firm? It still depends on the trading volume.
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AirdropFatigue
· 01-07 04:41
The double bottom breakdown has been talked about too many times. Every time, it's said that only if the volume supports it is it valid. But what happened? It just turned around and broke through. The 85K key level still needs to be watched closely; don't get caught in a false move.
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gaslight_gasfeez
· 01-07 04:35
Double bottom breakout again, sounds good... but I'll wait and see the volume before making a decision.
Bitcoin has formed an obvious double bottom pattern near the key support level of 85K. From the trend perspective, this breakout was accompanied by strong trading volume, indicating increasing market participation.
What does this signal usually mean? Simply put, when the price repeatedly hits the bottom at the support level and breaks through with volume, it often signals a preparation phase for an upward trend. From a technical standpoint, if this double bottom pattern can be confirmed, the next resistance level may be around 98K.
For traders, the current position is actually a good consideration zone. Before a larger rally arrives, taking the opportunity to position oneself is a relatively friendly rhythm for participants. But the prerequisite is to see whether the trading volume can sustain this level—if the volume is insufficient, the breakout might just be a false alarm.
The key is to closely monitor whether 85K can hold steady and whether subsequent price actions are supported by volume. If both conditions are met, the upward potential is indeed worth looking forward to.