BTC is about to quickly retrace to the trend line
Based on the current price projection
107000-106800 is a nice potential bullish position #BTC
6-11 BTC Outlook: Reference 4H
Bitcoin has risen to $110,000 after breaking the downtrend, but there is still a potential double top bearish liquidity that has not been cleared,
approximately around $110,700. Therefore, we can primarily focus on going long on a pullback, while short positions can be temporarily abandoned.
Once a double top is formed and a bearish signal appears, then we can consider going long. So currently, we can consider trading with the trendline as support.
At present, we can focus on two levels: 1: K-line support at $108,800, 2: Trendline support at $107,200 #BTC
Bitcoin has risen to $110,000 after breaking the downtrend, but there is still a potential double top bearish liquidity that has not been cleared,
approximately around $110,700. Therefore, we can primarily focus on going long on a pullback, while short positions can be temporarily abandoned.
Once a double top is formed and a bearish signal appears, then we can consider going long. So currently, we can consider trading with the trendline as support.
At present, we can focus on two levels: 1: K-line support at $108,800, 2: Trendline support at $107,200 #BTC
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BTC
105,456.95
-0.08%