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Boop.Fun leading the way with a new launchpad on Solana.
Take a close look at the structure.
The red box represents a key supply area that the price has just regained. As long as BTC manages to stay above this area, selling pressure remains limited and the market can continue to build a recovery in the short term.
If, on the other hand, we lose that box again, it means that the breakout was just a deviation and the market would return below the structure. In that case, selling pressure would increase rapidly, with a high probability of revisiting previous lows.
At the same time, there is another important factor:
on the daily chart, the 80k area remains a real price magnet. It is an area of liquidity and interest where the market naturally tends to return.
And that is precisely why I positioned those longs yesterday:
the risk/return ratio was favourable with the price above the structure and 80k as a natural target of attraction.
Now the key point remains simple:
hold the box ... continuation and possible push towards 80k
lose it ... return of bearish pressure and risk of revisiting the lows
The market will give us the answer here. <@&913787409471262720>

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