📊#BTC continues to break support, what's next?
🧠From a structural perspective, yesterday's break below the 84,000-86,000 support zone means we broke below the candlestick concentration zone ahead. Although the price has recovered now, the market has given a more pessimistic signal, so we need to respect the market. Yesterday, we also mentioned that the downside risk has not been lifted, so long trades need to be more conservative, so we lowered our positions and chose to move the stop loss up, and ended up with a small loss.
➡️If you still want to participate in new long trades, then we need to wait patiently for the bullish structure to be established, or more stabilization signals to appear.
➡️If the overlapping yellow support zone continues to be broken, then pay attention to the next support zone of 72,000-73,800
Let's see👀
🤜If you like my analysis, please like💖 and share💬
BTCUSDT.P
🧠From a structural perspective, yesterday's break below the 84,000-86,000 support zone means we broke below the candlestick concentration zone ahead. Although the price has recovered now, the market has given a more pessimistic signal, so we need to respect the market. Yesterday, we also mentioned that the downside risk has not been lifted, so long trades need to be more conservative, so we lowered our positions and chose to move the stop loss up, and ended up with a small loss.
➡️If you still want to participate in new long trades, then we need to wait patiently for the bullish structure to be established, or more stabilization signals to appear.
➡️If the overlapping yellow support zone continues to be broken, then pay attention to the next support zone of 72,000-73,800
Let's see👀
🤜If you like my analysis, please like💖 and share💬
BTCUSDT.P
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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.