📊#BTC Descending Triangle📉
🧠From a structural perspective, we stabilized above the S/R level around 65000. Although the support level was reached, the rebound wasn't strong, so I closed all my long positions here earlier, effectively escaping at the highest point.
➡️As time went on, the support gradually weakened, and the price compressed, forming a descending triangle. It has now broken below the lower edge of the triangle, so there's a probability of further declines.
➡️With the escalating conflict in the Middle East, the oil and gold markets are surging, indicating that the conflict will likely intensify. This could act as a catalyst, pushing the market to test extreme support levels (57777-60398). We need to be wary of this possibility!
⚠️In a rapidly volatile market, especially during a bear market, we shouldn't be overly optimistic. Risk management is crucial! Survival is key to seizing more opportunities!
🤜If you like my analysis, please like 💖 and share 💬
BTCUSDT.P
🧠From a structural perspective, we stabilized above the S/R level around 65000. Although the support level was reached, the rebound wasn't strong, so I closed all my long positions here earlier, effectively escaping at the highest point.
➡️As time went on, the support gradually weakened, and the price compressed, forming a descending triangle. It has now broken below the lower edge of the triangle, so there's a probability of further declines.
➡️With the escalating conflict in the Middle East, the oil and gold markets are surging, indicating that the conflict will likely intensify. This could act as a catalyst, pushing the market to test extreme support levels (57777-60398). We need to be wary of this possibility!
⚠️In a rapidly volatile market, especially during a bear market, we shouldn't be overly optimistic. Risk management is crucial! Survival is key to seizing more opportunities!
🤜If you like my analysis, please like 💖 and share 💬
BTCUSDT.P Trade fechado manualmente
#BTC
After reducing holdings by 50% near 65300, the order was automatically closed upon the rebound reaching the cost price.
The expected further decline did not occur; we held the support near 65000.
Next, we need to watch the resistance levels near 69588 and 72000!
💎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.
💎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.