Morning of June 25, BTC
Just slightly broke through 1,066,000. This trend can be understood as facing resistance at 1,066,000, which may lead to a decline 📉, or it can be interpreted as holding up against selling pressure near the 1,066,000 resistance level, stabilizing the long position. If the bulls exert strength afterward, there will be a significant rise 📈.
Therefore, yesterday I provided the decision: first, take profit on 60% of the long position near 1,066,000 to secure profits, leaving a little position to speculate on the potential rise ahead.
I also reminded everyone that the stop loss is quite tight, at less than 1,000 points. If you are willing, you can also take profit on the long position and then enter a short position.
Bitcoin at the 1,066,000 resistance level, taking profit on 60% of the long position 💰. It seems that this resistance level is stabilizing.
In the first chart, I illustrated why I entered the long position at 101,000 and directly predicted a take profit at 106,000. Clearly, the market quickly rose to 1,066,000 but faced pressure, with significant resistance. Yesterday, it oscillated around 1,066,000 for the entire day.