$BTC (Commission organized in the afternoon, bullets will be delivered on time today)
It's the weekend, be cautious of the time fluctuations before and after the weekly close
In simple terms: Chart 2, four positions of support and resistance, long and short randomly traded
In a nutshell for the daily chart: Chart 1, daily wedge channel upper and lower limits for long and short
To refine the viewpoint:
It's just about the left and right sides of the channel support and whether the support holds or breaks for a second entry.
Weekly pattern:
If the weekly close is above 11.8 → bullish, forms a bullish candle;
If it breaks below 11.42 → enters a weekly level correction;
If it breaks below 11.2 → confirms the end of the trend, look for lower targets (100,000, 9.8, etc.).
Main support levels:
Around 11.65 (short-term support, lower edge of the daily channel)
Around 11.5
11.45 (key support level, breaking it turns bearish)
11.2 (lower edge of the weekly chart, breaking it damages the larger structure)
10.8/10.2/9.8 (lower support area)
Main resistance levels:
11.91 ~ 11.95 range (short-term resistance level emphasized multiple times)
12.18 ~ 12.2 (further rebound target)
12.9 (future upper resistance on the daily chart)
.Some small operational tips
Channel trading rules: go long at support levels, go short at resistance levels, and stop-loss promptly if breaking support.
Weekly close judgment: weekly close with a bullish candle above 11.8 → do not overly bearish; break below 11.42 → trigger a weekly correction.
Right-side trading: when resistance levels are tested multiple times without success, if it reaches again, take right-side operations to avoid catching tops and bottoms.
Simplified trading logic: focus only on 4 key points (11.95, 11.92, 11.65, 11.45)