#BTC Update

The blue resistance zone has been broken, turning into support.
The market performance has not met expectations, so we added to our short position at a high level, raised our purchase price, and closed the short trade when the price reached near our purchase price.

The FOMC meeting is approaching, which means significant volatility is imminent, so please be sure to manage your risk!

Currently, the price is testing the yellow support zone again, and I believe we could continue higher from here.

If the yellow support zone and the yellow turning point are broken again, we should be wary of a deeper correction.

📊#BTC is in heavy resistance, beware of a pullback ⚠️

🧠From a structural perspective, we've reached a significant resistance zone. It's also important to note that the CME gap near 116,600 has been filled, raising the possibility of a pullback.

➡️From a chart perspective, we're moving within an ascending channel. We encountered resistance at the upper edge of the channel and then fell back, so the support level to watch is near the lower edge.

⚠️Note that this week is the interest rate decision week, and expectations of a rate cut have already been released in advance. Be wary of "selling the news"!

Let's take a look 👀

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