BTCUSDT Perpetual Contract
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#BTC Reached Resistance Zone

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📊#BTC Reached Resistance Zone✔️

🧠From a structural perspective, we have reached the resistance zone around 62300-63300, which is also close to the lower edge resistance line of the descending triangle. Therefore, our short positions have been activated here.

➡️60300-60800 is a support-resistance conversion zone, which has now become a support zone and can be our first target zone.

➡️The second target zone is around 58800, which is a monthly support-resistance line. The third target can still be watched for the support level around 57777.

⚠️Today's spot trading is still showing a net outflow! The trading volume has not gradually increased, so this rise can only be defined as a rebound phase in a downtrend. Therefore, please be wary of the risk of further decline.

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BTCUSDT.P
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תמונת-בזק

We broke above the upper boundary of the descending triangle—coming perilously close to the stop-loss level!
At the same time, with the weekly close above $63,300, the probability of a further plunge following a break to new lows has diminished; instead, bullish signs have emerged.
Consequently, we manually closed the short position.

כתב ויתור

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