#Strategy加仓BTC $LINK recently shows some interesting activity around the foundational support zone.
I observe clear constructive buying entering the market, with the price reacting distinctly from the upward support level. If the bulls can hold this line steadily, there may be a test of the descending resistance area—this is the key turning point we should watch.
**What to look for from a technical perspective?**
From a pattern evolution standpoint, the originally broad descending structure is converging, gradually forming a bottom wedge. This convergence itself is a signal that the bulls are gathering strength. The overall technical bias leans bullish, provided the price remains stable above the upward support level.
**Two critical areas to watch:** - The lower area is the upward trend support, which is the bulls' defensive line - The upper area is the descending resistance line; once broken and confirmed, it can change the market outlook
What makes this structure interesting is that it often forms quietly before market sentiment heats up. True opportunities tend to hide where most people haven't yet reacted. Whether it can develop into a trend depends on whether the bulls can provide a strong breakout confirmation.
Pay attention to this line; I will continue to follow up when key structural levels or breakout points emerge.
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MemeTokenGenius
· 01-17 23:57
The wedge convergence pattern I've seen too many times; the key still depends on the trading volume during the breakout, otherwise it's all just illusions.
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RuntimeError
· 01-17 14:58
Link this wave indeed has some substance, but I'm just worried the bulls will drop the ball again.
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I've seen this wedge convergence pattern many times, but in the end, it's still a false breakout.
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If the support level can't hold, it's all pointless. I bet it will go back to zero.
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With the market so dead, who dares to go all-in?
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Let's wait for the breakout confirmation before talking. Entering now just makes you the bag holder.
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I like this bottom wedge pattern, just worried about a fake breakout.
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Bullish momentum? I think it's more like trapped traders bleeding out.
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OnlyOnMainnet
· 01-17 04:51
Hey wait, can this wedge really break out? It feels like every time it's just a false alarm.
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ImpermanentPhilosopher
· 01-15 10:40
The wedge convergence theory I've heard quite a few times. Every time it's about building momentum, but what happens? It still comes down to the trading volume.
View OriginalReply0
GamefiGreenie
· 01-15 10:40
Well, this wedge shape does have some substance, but it still depends on whether the bulls have the strength.
View OriginalReply0
ChainMemeDealer
· 01-15 10:40
View OriginalReply0
AlwaysMissingTops
· 01-15 10:39
说实话 LINK这波确实有点东西 支撑位稳住了才行啊
Reply0
shadowy_supercoder
· 01-15 10:26
This move in the link is indeed interesting. I've seen this bottom wedge pattern many times before. The key still depends on the strength of the breakout.
View OriginalReply0
IntrovertMetaverse
· 01-15 10:11
The wedge convergence pattern has been seen too many times. The key is whether it can truly break the level; otherwise, it's just repeatedly trapping people.
#Strategy加仓BTC $LINK recently shows some interesting activity around the foundational support zone.
I observe clear constructive buying entering the market, with the price reacting distinctly from the upward support level. If the bulls can hold this line steadily, there may be a test of the descending resistance area—this is the key turning point we should watch.
**What to look for from a technical perspective?**
From a pattern evolution standpoint, the originally broad descending structure is converging, gradually forming a bottom wedge. This convergence itself is a signal that the bulls are gathering strength. The overall technical bias leans bullish, provided the price remains stable above the upward support level.
**Two critical areas to watch:**
- The lower area is the upward trend support, which is the bulls' defensive line
- The upper area is the descending resistance line; once broken and confirmed, it can change the market outlook
What makes this structure interesting is that it often forms quietly before market sentiment heats up. True opportunities tend to hide where most people haven't yet reacted. Whether it can develop into a trend depends on whether the bulls can provide a strong breakout confirmation.
Pay attention to this line; I will continue to follow up when key structural levels or breakout points emerge.
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