📊#BTC Is the pullback over❓
🧠From a structural point of view, the target area of the 1h level short structure has been achieved, so the rebound is reasonable. We have entered the resistance zone. The resistance near the neckline 95822 is relatively heavy, and the rising parallel channel will turn into resistance after being broken. Therefore, we can only maintain a positive attitude if we successfully stand above the neckline resistance zone and stabilize for a period of time. Otherwise, we still need to be cautious about the risk of further decline.
Let's see 👀
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BTCUSDT.P
🧠From a structural point of view, the target area of the 1h level short structure has been achieved, so the rebound is reasonable. We have entered the resistance zone. The resistance near the neckline 95822 is relatively heavy, and the rising parallel channel will turn into resistance after being broken. Therefore, we can only maintain a positive attitude if we successfully stand above the neckline resistance zone and stabilize for a period of time. Otherwise, we still need to be cautious about the risk of further decline.
Let's see 👀
🤜If you like my analysis, please like 💖 and share 💬
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🔥🔥Use the invitation link to register and trade, and you can join the spot VIP club for free.🔥🔥
🔥20% transaction fee discoun🔥
👇Referral code👇
👇BITGET 👇
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👇BYBIT 👇
partner.bybit.com/b/wolfking
🔥20% transaction fee discoun🔥
👇Referral code👇
👇BITGET 👇
partner.niftah.cn/bg/wolfking20
👇BYBIT 👇
partner.bybit.com/b/wolfking
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.