📊#BTC failed to break through, beware of pullbacks⚠️
🧠Yesterday, I found signs of stabilization near 109500 and closed my short position and went long because I was worried that we would break through the resistance area near 110000. As a result, the market developed as expected and we successfully broke through, but unfortunately we did not stabilize above the resistance area of 110000.
➡️From a graphical point of view, we formed an extended wedge near the resistance area, and we have now fallen through this pattern, which is about $400 away from the support near 107000 that I want to focus on, so I missed this rebound space.
➡️Currently we are blocked by the downward trend line. Only if we break through here and stabilize, can we see a big surge.
⚠️Note that we have tested the support near 107000 many times. If we fall below here, we will see further pullbacks.
Let's see👀
🤜If you like my analysis, please like💖 and share💬
BTCUSDT.P
🧠Yesterday, I found signs of stabilization near 109500 and closed my short position and went long because I was worried that we would break through the resistance area near 110000. As a result, the market developed as expected and we successfully broke through, but unfortunately we did not stabilize above the resistance area of 110000.
➡️From a graphical point of view, we formed an extended wedge near the resistance area, and we have now fallen through this pattern, which is about $400 away from the support near 107000 that I want to focus on, so I missed this rebound space.
➡️Currently we are blocked by the downward trend line. Only if we break through here and stabilize, can we see a big surge.
⚠️Note that we have tested the support near 107000 many times. If we fall below here, we will see further pullbacks.
Let's see👀
🤜If you like my analysis, please like💖 and share💬
BTCUSDT.P 
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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.