price is holding for now, but IMO, the fact that price just wicked to a lower low cracked the door open for more downside.
I think what’s keeping price hovering right now is the combination of long term investors buying what is considered to be a strong technical macro level, and hopium addicts who want to believe that a 1% move off a double bottom means THE BOTTOM is in.
To be clear, neither the liquidity, order flow, or Weekly RSI support that idea - yet.