2026-01-03 01:32:12

$BTC Technical Setup

RSI signals are flashing something worth attention on the daily timeframe.

Based on current price action, we're looking at three potential scenarios. Here's the ranking from most bullish to least:

Notable across all three: each shows increasingly deeper bottom wicks, exactly like what we're seeing in today's candle.

Scene 1 (Most bullish): Continuation of the uptrend with firm support holding.

Scene 2 (Neutral): Test of previous resistance levels followed by consolidation.

Scene 3 (Least bullish): Deeper pullback before any recovery attempt.

The extended lower shadows across these patterns are the tell—they suggest buyers are stepping in at lower levels, which is technically a positive indicator. Watch how the market responds at support zones.

BTC0.31%

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DataChief

· 13h ago

The long lower shadow signal has always been reliable, with buyers accumulating at low levels... Scene 1 is the most anticipated but feels a bit like wishful thinking.

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BlockBargainHunter

· 13h ago

The lower shadow is continuously deepening, which is a sign that the bottom is consolidating.

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LazyDevMiner

· 13h ago

This wick is getting interesting. Are the buyers stepping in at the low levels? But what if Scene 3 really happens? Still need to keep a close eye on the support levels.

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WagmiWarrior

· 13h ago

The longer the lower shadow gets, the more interesting it is. It seems that the bulls are indeed accumulating positions at the lower levels.

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SelfRugger

· 13h ago

With such a clear long lower shadow, aren't the buyers still not aggressive enough at the low levels? Scene 1 feels the most interesting when it starts to move.

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