#BTC complex consolidation phase

📊#BTC complex consolidation phase✔️

🧠From a structural perspective, we are still in a bearish structure and have not successfully broken through the downward trend line, so the risk of further downside is still not eliminated.

➡️Currently we are in a complex consolidation phase between the blue resistance zone and the green buy zone, so we should remain cautious in the face of ups and downs.

➡️Patience and wait for trading opportunities to appear after either side breaks through.

Let's see 👀

🤜If you like my analysis, please like 💖 and share 💬

Trade active

Trade closed: target reached

#BTC

Close to TP1, the downward stop loss was triggered after manually reducing holdings by 30%, and this transaction has ended!

Note

#BTC

Unfortunately, it is only $33 away from our second entry point.
Cancel the short limit order at 86133.

At present, we have successfully broken through the downward trend line at the daily level, so any good pullback in the future is a long opportunity that is worth our attention.

New short opportunities need to be determined by observing whether the blue resistance area can build a 1-hour short structure. Such an opportunity may appear tomorrow, so we will see it tomorrow.

wolf_king888

⚡️Timely updates and VIP consultation on Telegram: 👇
t.me/+9dh7Ug_iQ2lkMmM0

🔥20% transaction fee discoun🔥
👇Referral code👇

👇BITGET 👇

wolf20

👇BYBIT 👇

WOLFKING

👇BINANCE👇

O3D948JZ

Also on:

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.

wolf_king888