📊#BTC Rounding Top⚠️
🧠From a structural perspective, the downtrend remains intact, and BTC spot trading is showing a net outflow, so please be cautious about going long!
➡️From a modeling perspective, a rounding top pattern has formed here. Using measurement tools, we can estimate a potential target around 51888.
➡️Currently, a bearish flag pattern has formed near the neckline of the rounding top, further increasing the expectation of a decline. Therefore, we can try to participate in some short positions here.
⚠️Note that there is some support around 58000. Going short here would be too aggressive, so please be sure to manage your risk!
🤜Follow me, and I will guide you through market changes. Remember to like💖 and share💬
#Wolf_king88 $BTC
🧠From a structural perspective, the downtrend remains intact, and BTC spot trading is showing a net outflow, so please be cautious about going long!
➡️From a modeling perspective, a rounding top pattern has formed here. Using measurement tools, we can estimate a potential target around 51888.
➡️Currently, a bearish flag pattern has formed near the neckline of the rounding top, further increasing the expectation of a decline. Therefore, we can try to participate in some short positions here.
⚠️Note that there is some support around 58000. Going short here would be too aggressive, so please be sure to manage your risk!
🤜Follow me, and I will guide you through market changes. Remember to like💖 and share💬
#Wolf_king88 $BTC