#BTC ideal target zone has been achieved

📊#BTC ideal target zone has been achieved✔️

🧠From a structural perspective, the ideal target zone of the hourly bullish structure has been fully achieved, so the corresponding decline is very reasonable. Moreover, the daily closing price of the candlestick chart is lower than the downward trend line, so we failed to successfully break through and stabilize. The downward trend at the daily level is still intact, so we need to be alert to the risk of further decline.

➡️Because of the risk of further decline, I closed the long position in advance yesterday. Although I finally reached the ideal target zone, I would also feel distressed, but trading is like this, there are gains and losses. When the market goes crazy, what we need is not a more sophisticated technical analysis, but a calm observation of the greedy self in the mirror.

➡️If the market rebounds further, then the resistance zone we can pay attention to is 84576-86000. 📉

➡️If the market falls further, then the support zone we can pay attention to is 78363-79500. 📈

Let’s see👀

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Trade active

#BTC USDT.P Crossing 82558
🎯TP1✔️
🔒Lock in 50% profits💰
➡️SL moves to breakeven⚖️

We are still capped by the downtrend line.
Beware of the risk of further pullback.

Trade closed: target reached

#BTC Update

Continue to reach TP1.
The second short position continues to reduce by 50%.
SL moves down to 84720.

We can expect a descending triangle to form here and continue the bearish trend.

Note

#BTC 1H Update

The market rebounded after reaching the lower edge of the triangle and the green buy zone as expected. It is now near the downward trend line and resistance zone again. We need to be wary of the risk of a pullback after continued rejection here. I will use the remaining positions to look forward to this possibility.

Note that if we break through the turning point 84686 upward, it means that the 1h level long structure is successfully built. We should be wary of the risk of further rise. If there is a good pullback in the future and it stabilizes above the downward support line, then we can consider participating in some long trades. Otherwise, new long trades still need to pay attention to the support situation of the support zone 78363-79500 to participate.

Note

#BTC USDT.P Crossing 79525
TP2
Complete all TP
Close position

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