📊Can #BTC continue to rise?
🧠From a structural perspective, we started to rebound after being very close to the ideal target area of the bearish cup-handle structure, and broke through the downward trend line, which means that the correction phase is over.
➡️So next we need to pay attention to the long trading opportunities after the pullback. At present, this position belongs to the contradictory range. It can continue to rise, but it will be very uncomfortable if we chase the rise. So wait patiently for trading opportunities after the pullback. We can pay attention to the neckline support area (102000-103000).
➡️If there is no pullback, but it continues to rise, then the resistance near 106500 is also worth our attention. This is the support-resistance conversion area that has been tested many times.
🤜If you like my analysis, please like 💖 and share 💬
BTCUSDT.P
🧠From a structural perspective, we started to rebound after being very close to the ideal target area of the bearish cup-handle structure, and broke through the downward trend line, which means that the correction phase is over.
➡️So next we need to pay attention to the long trading opportunities after the pullback. At present, this position belongs to the contradictory range. It can continue to rise, but it will be very uncomfortable if we chase the rise. So wait patiently for trading opportunities after the pullback. We can pay attention to the neckline support area (102000-103000).
➡️If there is no pullback, but it continues to rise, then the resistance near 106500 is also worth our attention. This is the support-resistance conversion area that has been tested many times.
🤜If you like my analysis, please like 💖 and share 💬
BTCUSDT.P Trade active
Short trades are activated after the price enters the resistance-support conversion zone.Trade closed manually
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⚡️Timely updates and VIP consultation on Telegram: 👇
t.me/+9dh7Ug_iQ2lkMmM0
🔥20% transaction fee discoun🔥
👇Referral code👇
👇BITGET 👇
wolf20
👇BYBIT 👇
WOLFKING
👇BINANCE👇
O3D948JZ
t.me/+9dh7Ug_iQ2lkMmM0
🔥20% transaction fee discoun🔥
👇Referral code👇
👇BITGET 👇
wolf20
👇BYBIT 👇
WOLFKING
👇BINANCE👇
O3D948JZ
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.