Will Bitcoin Bounce Back? Monitoring Critical Support ZonesCurrently, Bitcoin's support line is holding steady, but we've dipped into a zone that we were trying to avoid. I hope we can maintain support at this downward trendline, which I anticipated. However, the ongoing dock workers' strike adds a layer of uncertainty to the market.
We need to closely monitor whether we can achieve another bounce off this trendline. If we can't hold, we could sink further into the $59,000 to $58,500 range, which feels a bit like quicksand. For those following my charts, I recommend staying alert and prepared for potential shifts in the market.
