#BTC Update:

Reaching the blue resistance zone and getting blocked.

The trade was activated when the price broke below the lower edge of the rising wedge.

Risk-free for now!

Let’s see if there is a further pullback from here.

📊#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.

🤜If you like my analysis, please like 💖 and share 💬
#Wolf_king88 $BTC