📊Can #BTC hit a new all-time high?
🧠From a structural perspective, the goals of the long structure in the daily support zone have all been achieved, so we need to be wary of the risk of a pullback! As we get closer to the all-time high, the resistance will become heavier, so I won't chase the rise here under huge pressure. I think even if a new all-time high is reached, the expectation of a pullback is very large.
➡️The current closing price of the weekly candlestick chart is above the blue resistance zone, so the resistance zone turns into a support zone. So if we want to participate in a new long trade, we should wait patiently for the price to return to this yellow support zone before considering it.
Let's see 👀
🤜If you like my analysis, please like 💖 and share 💬
BTCUSDT
🧠From a structural perspective, the goals of the long structure in the daily support zone have all been achieved, so we need to be wary of the risk of a pullback! As we get closer to the all-time high, the resistance will become heavier, so I won't chase the rise here under huge pressure. I think even if a new all-time high is reached, the expectation of a pullback is very large.
➡️The current closing price of the weekly candlestick chart is above the blue resistance zone, so the resistance zone turns into a support zone. So if we want to participate in a new long trade, we should wait patiently for the price to return to this yellow support zone before considering it.
Let's see 👀
🤜If you like my analysis, please like 💖 and share 💬
BTCUSDT 
🔥🔥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.