📊#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👇
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.