📊#BTC.W Update
🧠The weekly chart remains in a downtrend, and I haven't seen any signs of a reversal yet. We are still in the mid-stage of a bear market! Please be patient! ☕️
➡️A bullish candlestick pattern has appeared on the weekly chart. If this week's closing price is above 63,300, the probability of further gains will increase!
➡️If we rise further, the medium-term resistance zone to watch for shorting is around $67,300-$69,000, with an extreme resistance zone around 72,000 (which I think is unlikely to be reached!).
➡️The 4-hour chart appears to be forming an ascending triangle, which is intended to absorb selling pressure near the $65,000 resistance zone. However, this is a resistance zone that has been tested multiple times, so we should prioritize the pressure level and not chase the price upwards here! Instead, we can look for some bearish signals to see if a short-term pullback will occur.
➡️In summary, I found a short signal on the 1H chart and attempted some short positions. So far, it's progressing well. If the R/R ratio reaches 1, we can try locking in some profits or moving the short position (SL) to the entry price.
⚠️Currently, the price is near a conflicting zone, with significant tug-of-war between bulls and bears. Therefore, please strictly adhere to risk management!
🤜Follow me, and I will guide you through market changes. Remember to like💖 and share💬
BTCUSDT
🧠The weekly chart remains in a downtrend, and I haven't seen any signs of a reversal yet. We are still in the mid-stage of a bear market! Please be patient! ☕️
➡️A bullish candlestick pattern has appeared on the weekly chart. If this week's closing price is above 63,300, the probability of further gains will increase!
➡️If we rise further, the medium-term resistance zone to watch for shorting is around $67,300-$69,000, with an extreme resistance zone around 72,000 (which I think is unlikely to be reached!).
➡️The 4-hour chart appears to be forming an ascending triangle, which is intended to absorb selling pressure near the $65,000 resistance zone. However, this is a resistance zone that has been tested multiple times, so we should prioritize the pressure level and not chase the price upwards here! Instead, we can look for some bearish signals to see if a short-term pullback will occur.
➡️In summary, I found a short signal on the 1H chart and attempted some short positions. So far, it's progressing well. If the R/R ratio reaches 1, we can try locking in some profits or moving the short position (SL) to the entry price.
⚠️Currently, the price is near a conflicting zone, with significant tug-of-war between bulls and bears. Therefore, please strictly adhere to risk management!
🤜Follow me, and I will guide you through market changes. Remember to like💖 and share💬
BTCUSDT Dagangan aktif
#BTC A short-term pullback has occurred.
The R/R ratio has reached 2. The return is sufficient, and you can choose to close your position! Congratulations to those who followed and reaped substantial rewards. 🍻 In a downtrend, you can hold a small position in anticipation of further declines, such as support around $62,000.
Dagangan ditutup: sasaran tercapai
📊#BTC Reaches Support Zone✔️
🧠As expected, the market experienced a short-term pullback and found support near $62,000. All targets for this short position have been achieved!
➡️Currently, we are in a middle position, making both long and short positions difficult. Short-term resistance is around $63,588, followed by the S/R level around $65,000. We need to break through this resistance and stabilize for about two days before we can continue to be bullish!
➡️The most cost-effective support is in the S/R area around $60,000. Observe for long trading opportunities here.
⚠️Today, there is the release of CPI data and a speech by hawkish Fed Governor Waller. The bond market has pushed the probability of a July rate hike to 50% through interest rate options. Be wary of a rebound followed by further declines!
🤜Follow me, and I will guide you through market changes. Remember to like💖 and share💬
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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👇
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.