📊#BTC support turns into resistance, cautiously bullish ⚠️
🧠Due to the turbulence of the international situation, it has gradually fed back to the investment market, so recent transactions will become more difficult, so we should choose to observe and wait for the right opportunity to appear.
➡️From a structural point of view, we did not stabilize in the support area of 84000-86000, but continued to fall below this area, so this support area turned into a resistance area, and the resistance area cannot be bullish.
➡️If the price stabilizes near the support line 79524, then if the target area of this support structure overlaps with the blue resistance area, then you can consider participating in some short transactions.
Let's take a look👀
🤜If you like my analysis, please like💖 and share💬
BTCUSDT.P
🧠Due to the turbulence of the international situation, it has gradually fed back to the investment market, so recent transactions will become more difficult, so we should choose to observe and wait for the right opportunity to appear.
➡️From a structural point of view, we did not stabilize in the support area of 84000-86000, but continued to fall below this area, so this support area turned into a resistance area, and the resistance area cannot be bullish.
➡️If the price stabilizes near the support line 79524, then if the target area of this support structure overlaps with the blue resistance area, then you can consider participating in some short transactions.
Let's take a look👀
🤜If you like my analysis, please like💖 and share💬
BTCUSDT.P 
🔥🔥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.
🔥🔥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.