BTCUSDT Perpetual Contract
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#BTC Rising Wedge?

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📊#BTC Rising Wedge?

🧠From a structural perspective, we're retesting the S/R pattern, which has been tested multiple times and is a support/resistance conversion zone. The price is currently facing resistance after rising from below. If we can't break through effectively, we need to be wary of a pullback.

➡️From a model perspective, a rising wedge pattern appears to be forming here. This pattern forms during a downtrend and is therefore considered a bearish pattern, requiring caution regarding a potential pullback!

⚠️Note that if we break through the previous high H again, the bearish expectation will weaken, and the next resistance zone to watch will be around 70000-72300.

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BTCUSDT.P
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The price is close to the support at the lower edge of the rising wedge. If your profit is enough, you can manually reduce your holdings by 50%.
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#BTC USDT.P Crossing 60,800.0
🎯TP1✔️
🔒Lock in 70% profit💰
➡️SL moves to breakeven⚖️

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