📊#BTC Retests S/R✔️
🧠We ultimately failed to stabilize in the yellow support zone around 92588, so the yellow support zone has now turned into a blue resistance zone. The lower edge of the ascending channel is also located here, making this a significant resistance level.
➡️Our lowest price didn't break below the 89700 support; instead, it rebounded quickly. Therefore, I tried to take some long positions here, hoping for a further rebound.
⚠️Note that there is still an unfilled gap in the CME below. Therefore, if we don't strongly break through 91700, we need to be aware of the risk of another pullback.
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BTCUSDT.P
🧠We ultimately failed to stabilize in the yellow support zone around 92588, so the yellow support zone has now turned into a blue resistance zone. The lower edge of the ascending channel is also located here, making this a significant resistance level.
➡️Our lowest price didn't break below the 89700 support; instead, it rebounded quickly. Therefore, I tried to take some long positions here, hoping for a further rebound.
⚠️Note that there is still an unfilled gap in the CME below. Therefore, if we don't strongly break through 91700, we need to be aware of the risk of another pullback.
🤜If you like my analysis, please like💖 and share💬
BTCUSDT.P Trade ativo
#BTC Update
We ultimately chose to fill the CME gap and started the rebound, forming a bullish double bottom pattern here, so we need to be wary of further rallies.
Since we broke below the lower edge of the flag pattern, the probability of a bear market has increased, so we need to watch for shorting opportunities at the overlapping resistance zone above.
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💎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👇
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.