📊#BTC Rising Wedge📉
🧠From a structural perspective, we are within the target zone of a bullish pattern and near the previous high. Therefore, chasing the rally here is not recommended. If you want to enter a long trade, consider the support near the rising trend support line. If we break through the h D point directly, the next strong resistance level will be around 120,000.
➡️From a chart perspective, a rising wedge may be forming here. If the lower edge of the wedge is broken, bearish expectations will increase.
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BTCUSDT.P
🧠From a structural perspective, we are within the target zone of a bullish pattern and near the previous high. Therefore, chasing the rally here is not recommended. If you want to enter a long trade, consider the support near the rising trend support line. If we break through the h D point directly, the next strong resistance level will be around 120,000.
➡️From a chart perspective, a rising wedge may be forming here. If the lower edge of the wedge is broken, bearish expectations will increase.
🤜If you like my analysis, please like 💖 and share 💬
BTCUSDT.P Note
#BTC Update
The expected pullback scenario did not occur. Instead of breaking below the lower edge of the wedge, the price continued to rise. Focus on the next major resistance zone of 120,000-122,000.
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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👇
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.