The bullish momentum sparked by yesterday's Dragonfly Doji looks shaky now—a harsh red candle just wiped out that hope. Here's what matters: watch the daily close like a hawk. If price breaks below the Dragonfly's lowest wick, we're flipping into a full downtrend and the bears take control.
This is a critical level. A clean break below = trend reversal. No break = might be a false alarm. Either way, keep your stops tight because the next 24 hours will tell us everything about BTC's near-term direction.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
8 Likes
Reward
8
7
Repost
Share
Comment
0/400
DogeBachelor
· 01-10 06:37
Is the Dragonfly Line trying to deceive me again? This time, it's really going to break below...
View OriginalReply0
DegenApeSurfer
· 01-09 18:38
Dragonfly Line is trying to deceive me again, this wave is probably a false breakout.
View OriginalReply0
LightningWallet
· 01-09 12:10
Dragonfly Line is going to scam me again, I really can't hold on this time.
View OriginalReply0
ApeEscapeArtist
· 01-07 22:45
Is the dragonfly trying to scam me again? I almost got caught last time I believed this thing.
View OriginalReply0
MoonWaterDroplets
· 01-07 22:42
The dragonfly is back again. Can we hold it this time? Feeling uncertain.
View OriginalReply0
airdrop_huntress
· 01-07 22:37
Dragonfly Line has been hit again, and this time it's really dire.
View OriginalReply0
StakoorNeverSleeps
· 01-07 22:27
Dragonfly Doji has been hammered again, this time it's really looking uncertain.
BTC/USDT Daily Chart Alert
The bullish momentum sparked by yesterday's Dragonfly Doji looks shaky now—a harsh red candle just wiped out that hope. Here's what matters: watch the daily close like a hawk. If price breaks below the Dragonfly's lowest wick, we're flipping into a full downtrend and the bears take control.
This is a critical level. A clean break below = trend reversal. No break = might be a false alarm. Either way, keep your stops tight because the next 24 hours will tell us everything about BTC's near-term direction.