📊 Is the decline of #BTC over? 💬
🧠From a structural point of view, we started to rebound after hitting the support area of 84000-86000, and successfully broke through the downward trend line, which means that the downward trend at the 1-hour level has ended, and we need to be alert to the risk of rebound.
➡️From a graphical point of view, an ascending wedge is constructed here. Generally, we will fall according to this model. Therefore, if you want to participate in new long transactions, you need to wait patiently for the price to return to the vicinity of the downward trend line or return to the vicinity of the yellow support area.
⚠️Note that the larger level of downside risk has not been eliminated. We still need to maintain a cautious attitude and focus on shock trading.
Let's take a look👀
🤜If you like my analysis, please like💖 and share💬
BTCUSDT.P
🧠From a structural point of view, we started to rebound after hitting the support area of 84000-86000, and successfully broke through the downward trend line, which means that the downward trend at the 1-hour level has ended, and we need to be alert to the risk of rebound.
➡️From a graphical point of view, an ascending wedge is constructed here. Generally, we will fall according to this model. Therefore, if you want to participate in new long transactions, you need to wait patiently for the price to return to the vicinity of the downward trend line or return to the vicinity of the yellow support area.
⚠️Note that the larger level of downside risk has not been eliminated. We still need to maintain a cautious attitude and focus on shock trading.
Let's take a look👀
🤜If you like my analysis, please like💖 and share💬
BTCUSDT.P Trade active
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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.