📊#BTC in the resistance zone, beware of pullbacks📉
🧠From a structural perspective, we are currently in the blue resistance zone at the daily level, so we need to pay attention to the risk of a pullback if we cannot break through this area.
➡️The upward trend support line was broken, so it turned into a resistance line. The price reacted well when it touched this resistance line, so we need to pay attention to the suppression of this resistance line.
➡️The downward trend line at the daily level was broken, which means that the adjustment at the daily level may be over, so if there is a good pullback, then we need to look for opportunities for long trades. The support area worth our attention is 80000-81188.
⚠️Note that if the closing price at the 4h level is below 80000, then the market may go bad and we may enter a deeper adjustment.
Let's see👀
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BTCUSDT.P
🧠From a structural perspective, we are currently in the blue resistance zone at the daily level, so we need to pay attention to the risk of a pullback if we cannot break through this area.
➡️The upward trend support line was broken, so it turned into a resistance line. The price reacted well when it touched this resistance line, so we need to pay attention to the suppression of this resistance line.
➡️The downward trend line at the daily level was broken, which means that the adjustment at the daily level may be over, so if there is a good pullback, then we need to look for opportunities for long trades. The support area worth our attention is 80000-81188.
⚠️Note that if the closing price at the 4h level is below 80000, then the market may go bad and we may enter a deeper adjustment.
Let's see👀
🤜If you like my analysis, please like💖 and share💬
BTCUSDT.P Trade closed: target reached
After completing TP1, the position was reduced by 50% and a breakeven was set.The order was eventually closed when it reached breakeven.
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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.