📊#BTC reaches the second support, beware of rebound⚠️
🧠From a structural point of view, we have built a short structure within the 1h level, so a pullback is reasonable. However, there is a long structure at the 4h level, so it is difficult for the structure within the small level to reverse the upward trend of the large level. And we have reached the second support level near 83545, so we need to be wary of the rebound.
➡️If the support here continues to be broken, then the next support area worth our attention is 80000-82000.
➡️If the rebound occurs, then the resistance area worth our attention is 85400-86000, and the extreme pressure is near 90000.
Let's see👀
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BTCUSDT.P
🧠From a structural point of view, we have built a short structure within the 1h level, so a pullback is reasonable. However, there is a long structure at the 4h level, so it is difficult for the structure within the small level to reverse the upward trend of the large level. And we have reached the second support level near 83545, so we need to be wary of the rebound.
➡️If the support here continues to be broken, then the next support area worth our attention is 80000-82000.
➡️If the rebound occurs, then the resistance area worth our attention is 85400-86000, and the extreme pressure is near 90000.
Let's see👀
🤜If you like my analysis, please like💖 and share💬
BTCUSDT.P Trade active
📊#BTC rebound has already happened✔️
🧠From a structural point of view, we started to rebound after reaching the second support near 83545, and we found opportunities to participate in long trades near the support area. We have now reached the first resistance area near 84800, and the second resistance area worth our attention is near 85800.
➡️At present, we can clearly see that we are moving in the ascending channel. If we fall below this channel or fall below the red low, we may see a deeper adjustment.
➡️So the long order we currently hold has locked in 50% of the profit near the first resistance area, and this order is already in a risk-free state.
Let's see what happens next👀
🤜If you like my analysis, please like💖 and share💬
Trade closed: target reached
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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.