The daily candlestick chart of BTC shows a three - day consecutive bearish retracement, having fallen back to the vicinity of the starting point of the previous pinbar rebound and currently remaining in a recent low - level sideways consolidation zone. However, the 4 - hour trend is pressured by the middle band of the Bollinger Bands, staying within a downward channel and forming a rebound - retracement wave pattern.
For short - term strategies, anticipate a further retracement first. Long positions should be initiated only after the support level is confirmed valid. This retracement represents a necessary consolidation phase before the bullish trend continues, and the current adjustment range does not pose a substantial threat of trend reversal to the overall uptrend. With the core upward trend intact and the direction remaining clear, BTC is expected to resume its upward momentum after a brief consolidation. The operational approach remains to go long on retracements.
BTCUSD
buy@103500-104000
tp:105500-106500
Investment itself is not the source of risk; it is only when investment behavior escapes rational control that risks lie in wait. In the trading process, always bear in mind that restraining impulsiveness is the primary criterion for success. I share trading signals daily, and all signals have been accurate without error for a full month. Regardless of your past profits or losses, with my assistance, you have the hope to achieve a breakthrough in your investment.
For short - term strategies, anticipate a further retracement first. Long positions should be initiated only after the support level is confirmed valid. This retracement represents a necessary consolidation phase before the bullish trend continues, and the current adjustment range does not pose a substantial threat of trend reversal to the overall uptrend. With the core upward trend intact and the direction remaining clear, BTC is expected to resume its upward momentum after a brief consolidation. The operational approach remains to go long on retracements.
BTCUSD
buy@103500-104000
tp:105500-106500
Investment itself is not the source of risk; it is only when investment behavior escapes rational control that risks lie in wait. In the trading process, always bear in mind that restraining impulsiveness is the primary criterion for success. I share trading signals daily, and all signals have been accurate without error for a full month. Regardless of your past profits or losses, with my assistance, you have the hope to achieve a breakthrough in your investment.
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🔗 Join our Telegram channel for precise signals👇
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🔥 We share at least 3-5 FREE trading signals daily 📈—monthly returns up to 300%-500%! 💹
🔗 Join our Telegram channel for precise signals👇
t.me/+XPmb-cKTquE0OTk0
👉 Join now and never miss a profitable trade! 🚀
t.me/+XPmb-cKTquE0OTk0
🔗 Join our Telegram channel for precise signals👇
t.me/+XPmb-cKTquE0OTk0
👉 Join now and never miss a profitable trade! 🚀
t.me/+XPmb-cKTquE0OTk0
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.