📊#BTC Downside Risk Remains Unresolved⚠️
🧠From a structural perspective, we failed to hold the 70,000 support level and did not see a strong rebound. Therefore, the previous support has now turned into resistance, and we need to be wary of the risk of further decline. The next support level to watch is around $68,400, with an extreme support zone around $65,000-$66,000!
➡️We exited our long positions near $70,000 near our cost price due to the market's weaker-than-expected performance.
⚠️Please note that due to the weaker-than-expected market performance, be cautious of a possible retest of 60,000. Those wishing to participate in short positions should patiently wait for a price rebound before looking for signals.
Let's see 👀
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BTCUSDT.P
🧠From a structural perspective, we failed to hold the 70,000 support level and did not see a strong rebound. Therefore, the previous support has now turned into resistance, and we need to be wary of the risk of further decline. The next support level to watch is around $68,400, with an extreme support zone around $65,000-$66,000!
➡️We exited our long positions near $70,000 near our cost price due to the market's weaker-than-expected performance.
⚠️Please note that due to the weaker-than-expected market performance, be cautious of a possible retest of 60,000. Those wishing to participate in short positions should patiently wait for a price rebound before looking for signals.
Let's see 👀
🤜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👇
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👇
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.