📊#BTC Downside Risk Remains Unresolved⚠️
🧠From a structural perspective, we failed to hold the 70,000 support level and did not see a strong rebound. Therefore, the previous support has now turned into resistance, and we need to be wary of the risk of further decline. The next support level to watch is around $68,400, with an extreme support zone around $65,000-$66,000!
➡️We exited our long positions near $70,000 near our cost price due to the market's weaker-than-expected performance.
⚠️Please note that due to the weaker-than-expected market performance, be cautious of a possible retest of 60,000. Those wishing to participate in short positions should patiently wait for a price rebound before looking for signals.
Let's see 👀
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BTCUSDT.P
🧠From a structural perspective, we failed to hold the 70,000 support level and did not see a strong rebound. Therefore, the previous support has now turned into resistance, and we need to be wary of the risk of further decline. The next support level to watch is around $68,400, with an extreme support zone around $65,000-$66,000!
➡️We exited our long positions near $70,000 near our cost price due to the market's weaker-than-expected performance.
⚠️Please note that due to the weaker-than-expected market performance, be cautious of a possible retest of 60,000. Those wishing to participate in short positions should patiently wait for a price rebound before looking for signals.
Let's see 👀
🤜If you like my analysis, please like 💖 and share 💬
BTCUSDT.P 
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
💎Use WolfKing's exclusive invitation code to trade and gain VIP subscription access.
🔗 BITGET 👉wolf20👇
partner.bitget.fit/bg/wolfking20
🔗 BYBIT 👉WOLFKING👇
partner.bybit.com/b/wolfking
🔗 Binance 👉O3D948JZ👇
🔗 BITGET 👉wolf20👇
partner.bitget.fit/bg/wolfking20
🔗 BYBIT 👉WOLFKING👇
partner.bybit.com/b/wolfking
🔗 Binance 👉O3D948JZ👇
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.