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A new hope: a trend reversal or a false breakout?
The STH-SOPR indicator is currently attempting for the first time since October to surpass the 1.0 level.
This level separates selling at a loss from selling at a profit for short-term investors.
• Positive scenario: Staying above this level indicates a return of confidence and the beginning of a real upward wave.
• Cautious scenario: Failure to break through may just be a trap for buyers followed by a decline to clean out the market.
"Always, equilibrium levels are the hardest to break.. We watch carefully to see if the market succeeds in regaining momentum or if we are headed for a deeper drop."
$BTC
#elaouzi
#GateFun马勒戈币Surges1251.09% #GateSquareCreatorNewYearIncentives