📊#BTC reaches support✔️
🧠From a structural perspective, the target of the bearish cup-with-handle structure was achieved, so a nice rally was justified, unfortunately it was $282 away from our long entry point. We ultimately failed to break above the resistance zone of 95835-96277, so we tried some shorts and have achieved a nice profit so far.
➡️If we want to reverse this downtrend, we need to build a long structure in the support zone, and the next resistance zone is around 98000-100000.
⚠️If we continue the bearish trend, the next support zone is around 90000-85700.
Let's see👀
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BTCUSDT.P
🧠From a structural perspective, the target of the bearish cup-with-handle structure was achieved, so a nice rally was justified, unfortunately it was $282 away from our long entry point. We ultimately failed to break above the resistance zone of 95835-96277, so we tried some shorts and have achieved a nice profit so far.
➡️If we want to reverse this downtrend, we need to build a long structure in the support zone, and the next resistance zone is around 98000-100000.
⚠️If we continue the bearish trend, the next support zone is around 90000-85700.
Let's see👀
🤜If you like my analysis, please like💖 and share💬
BTCUSDT.P Trade active
#BTC
Breaking through the turning point 96491 means that the long structure is established.
Under normal circumstances, if it wants to continue to rise, the closing price cannot be lower than 95818. If it is lower than this level, then there is a high probability that the trend is deceptive.
Trade closed manually
#BTC The trend is not in line with expectations and the order is closed.
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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 👇
partner.niftah.cn/bg/wolfking20
👇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.