#BTC reaches weekly resistance zone, cautiously bullish
📊#BTC reaches weekly resistance zone, cautiously bullish⚠️
🧠From a structural point of view, after we broke through the resistance zone at the daily level, the resistance zone turned into a support zone, so after the price fell back to this support zone, I participated in some long trades. The interim target is around 90,000, so I chose to close all positions after reaching here.
➡️In general, my mind is still in the shock trading, so I don’t look forward to the goal too far. Because we haven’t built a long structure at the daily level, we still need to be vigilant.
➡️Currently we have reached the resistance zone at the weekly level, don’t chase the rise here. We can look for some short signals in this area to participate.
⚠️Note that the large level belongs to the long trend, the correction at the daily level is over, and it is possible to start the upward trend at the daily level. Try to focus on long trades.
Let’s take a look👀
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BTCUSDT.P
🧠From a structural point of view, after we broke through the resistance zone at the daily level, the resistance zone turned into a support zone, so after the price fell back to this support zone, I participated in some long trades. The interim target is around 90,000, so I chose to close all positions after reaching here.
➡️In general, my mind is still in the shock trading, so I don’t look forward to the goal too far. Because we haven’t built a long structure at the daily level, we still need to be vigilant.
➡️Currently we have reached the resistance zone at the weekly level, don’t chase the rise here. We can look for some short signals in this area to participate.
⚠️Note that the large level belongs to the long trend, the correction at the daily level is over, and it is possible to start the upward trend at the daily level. Try to focus on long trades.
Let’s take a look👀
🤜If you like my analysis, please like💖 and share💬
BTCUSDT.P Trade active
Note
#BTC Update:
Reached TP1.
We chose to reduce our holdings by 50% after reaching the rising trend support line near 91600, and are currently in a risk-free state.
From a structural point of view, a short structure is built in the overlapping resistance zone, so we also need to be vigilant about the risk of a pullback. New long trades need to wait patiently for the buying opportunity after the overlapping resistance zone is broken, the resistance zone turns into the support zone, and the price stabilizes in the support zone. Or pay attention to further pullbacks and find support zones to participate in long trades. If the structure does not change much, then the support zone we can focus on is around 88000-89000.
Order cancelled
After reaching TP1, the rebound reaches the break-even point, and this transaction is closed.
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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.