📊Where to go long on #BTC?
🧠From a structural perspective, the market is not developing as expected. We haven't seen a strong upward breakout, so there's no trigger for going long. The market continues its downtrend and is very pessimistic! The nearest resistance is around 64,000, while 63,000 is a weak support zone.
➡️Based on the current market development, we are very likely to test the low of February 6th, L. However, shorting here is quite risky. We can only look for shorting signals on smaller timeframes and need to strictly manage position risk!
➡️The support levels worth noting for going long are 59,800-60,300 (these two prices are relatively close and belong to the same timeframe). Secondly, there's support around 57,777, which is a key support level combining time and price action!
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BTCUSDT.P
🧠From a structural perspective, the market is not developing as expected. We haven't seen a strong upward breakout, so there's no trigger for going long. The market continues its downtrend and is very pessimistic! The nearest resistance is around 64,000, while 63,000 is a weak support zone.
➡️Based on the current market development, we are very likely to test the low of February 6th, L. However, shorting here is quite risky. We can only look for shorting signals on smaller timeframes and need to strictly manage position risk!
➡️The support levels worth noting for going long are 59,800-60,300 (these two prices are relatively close and belong to the same timeframe). Secondly, there's support around 57,777, which is a key support level combining time and price action!
🤜If you like my analysis, please like 💖 and share 💬
BTCUSDT.P 
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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👇
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