📊#BTC bearish cup-handle structure, beware of a pullback!
🧠From a structural perspective, we broke below the neckline, which means a bearish structure is established, so we need to be wary of further declines.
➡️Yesterday's decline was rapid, so we can wait for a rebound to appear and look for shorting opportunities near the blue resistance area or the downward trend line.
➡️Since it is the weekend, the trading volume may be less. If there is no rebound, then we need to wait patiently for a period of sideways consolidation before looking for shorting opportunities.
⚠️Note that the area around 106500 is a support-resistance conversion zone. If it breaks through here and stabilizes, we can remain optimistic.
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