#BTC Update
The rebound reaction has occurred, which means the winning rate has been achieved.
If there is a good profit, you can manually reduce a part of the position. Control the position ratio.
Move SL up to 108947
Wolf_king88
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Bearish
📊When will #BTC hit a new high?
🧠From a structural point of view, we have come to the weekly resistance zone, so it is very reasonable to consolidate sideways here. Only if we successfully break through the resistance here and stabilize above the resistance zone, can we remain optimistic.
➡️The short-term support is around 108800. If we can hold here, then we have the opportunity to build an ascending triangle, which means that we will continue to hit new highs soon, otherwise we need to be alert to the occurrence of a pullback.
➡️106500-107000 is the conversion area of resistance and support, and it is also the psychological defense line of long transactions. If we can't hold here, then we need to be alert to the occurrence of in-depth adjustments.
⚠️Currently in a complex consolidation stage, we need more patience!☕️
🤜If you like my analysis, please like💖 and share💬
#Wolf_king88 $BTC
🧠From a structural point of view, we have come to the weekly resistance zone, so it is very reasonable to consolidate sideways here. Only if we successfully break through the resistance here and stabilize above the resistance zone, can we remain optimistic.
➡️The short-term support is around 108800. If we can hold here, then we have the opportunity to build an ascending triangle, which means that we will continue to hit new highs soon, otherwise we need to be alert to the occurrence of a pullback.
➡️106500-107000 is the conversion area of resistance and support, and it is also the psychological defense line of long transactions. If we can't hold here, then we need to be alert to the occurrence of in-depth adjustments.
⚠️Currently in a complex consolidation stage, we need more patience!☕️
🤜If you like my analysis, please like💖 and share💬
#Wolf_king88 $BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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