📊 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 💬
BTCUSDT.P 
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💎Use WolfKing's exclusive invitation code to trade and gain VIP subscription access.
🔗 BITGET 👉wolf20👇
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🔗 BYBIT 👉WOLFKING👇
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🔗 Binance 👉O3D948JZ👇
🔗 BITGET 👉wolf20👇
partner.bitget.fit/bg/wolfking20
🔗 BYBIT 👉WOLFKING👇
partner.bybit.com/b/wolfking
🔗 Binance 👉O3D948JZ👇
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.