📊#BTC Extended Wedge📉
🧠The market continued its decline as expected. Exiting near 68,000 was a wise choice, as it tested that level again today and plummeted once more. We need to identify the conversion of support and resistance levels and respond promptly; this is crucial in trading. Since market developments are not as expected, corresponding measures are needed to save ourselves, which should be considered before formulating a trading strategy.
➡️From a structural perspective, 68,000 and 70,000 are resistance levels, with extreme resistance still around 72,000!
➡️The support level to watch is the 64,000-65,000 range. Extreme support is around 60,400.
➡️From a model perspective, an extended wedge appears to be forming here. Downside risks remain, and further declines are possible.
🤜If you like my analysis, please like💖 and share💬
BTCUSDT.P
🧠The market continued its decline as expected. Exiting near 68,000 was a wise choice, as it tested that level again today and plummeted once more. We need to identify the conversion of support and resistance levels and respond promptly; this is crucial in trading. Since market developments are not as expected, corresponding measures are needed to save ourselves, which should be considered before formulating a trading strategy.
➡️From a structural perspective, 68,000 and 70,000 are resistance levels, with extreme resistance still around 72,000!
➡️The support level to watch is the 64,000-65,000 range. Extreme support is around 60,400.
➡️From a model perspective, an extended wedge appears to be forming here. Downside risks remain, and further declines are possible.
🤜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👇
相關出版品
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。