📊When will #BTC hit a new high?
🧠From a structural point of view, we have come to the weekly resistance zone, so it is very reasonable to consolidate sideways here. Only if we successfully break through the resistance here and stabilize above the resistance zone, can we remain optimistic.
➡️The short-term support is around 108800. If we can hold here, then we have the opportunity to build an ascending triangle, which means that we will continue to hit new highs soon, otherwise we need to be alert to the occurrence of a pullback.
➡️106500-107000 is the conversion area of resistance and support, and it is also the psychological defense line of long transactions. If we can't hold here, then we need to be alert to the occurrence of in-depth adjustments.
⚠️Currently in a complex consolidation stage, we need more patience!☕️
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BTCUSDT.P
🧠From a structural point of view, we have come to the weekly resistance zone, so it is very reasonable to consolidate sideways here. Only if we successfully break through the resistance here and stabilize above the resistance zone, can we remain optimistic.
➡️The short-term support is around 108800. If we can hold here, then we have the opportunity to build an ascending triangle, which means that we will continue to hit new highs soon, otherwise we need to be alert to the occurrence of a pullback.
➡️106500-107000 is the conversion area of resistance and support, and it is also the psychological defense line of long transactions. If we can't hold here, then we need to be alert to the occurrence of in-depth adjustments.
⚠️Currently in a complex consolidation stage, we need more patience!☕️
🤜If you like my analysis, please like💖 and share💬
BTCUSDT.P Transaction en cours
#BTC
The rebound reaction has occurred, which means the winning rate has been achieved.
If there is a good profit, you can manually reduce a part of the position. Control the position ratio.
Move SL up to 108947
Trade fermée: ordre d’arrêt atteint
#BTC Update:
The resistance near 110000 is too heavy, and it has failed to stand on it after multiple tests. The short-term support near 109000 also failed to hold, so our long orders were also swept away.
The price is currently near the support and resistance swap area. We can try to find long signals in this area to participate in some long trades.
Note
#BTC Update
The touch received a good reaction, which means the winning rate has been achieved.
And it has successfully reached TP1, and 50% of the position has been reduced.
Move the SL up to the latest low point, expecting profits in a low - risk way.
If the remaining long positions are swept again, we'll re - evaluate the market tomorrow.
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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.