📊 Is the #BTC pullback over?
🧠From a structural perspective, a bearish structure has formed on both the 1-hour and 4-hour charts, so we should be wary of the risk of a further pullback.
➡️Resistance is the area formed by the two necklines (114675-115729).
Support is primarily the overlap between the yellow and green areas (110000-111688). If we can establish a bullish structure on the 1-hour chart here, we still have a chance of continuing the bullish trend.
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BTCUSDT.P
🧠From a structural perspective, a bearish structure has formed on both the 1-hour and 4-hour charts, so we should be wary of the risk of a further pullback.
➡️Resistance is the area formed by the two necklines (114675-115729).
Support is primarily the overlap between the yellow and green areas (110000-111688). If we can establish a bullish structure on the 1-hour chart here, we still have a chance of continuing the bullish trend.
🤜If you like my analysis, please like 💖 and share 💬
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🔗 BITGET 👉wolf20👇
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