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Wolf_king88
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Bearish
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#BTC
Update
Continue to reach TP1.
The second short position continues to reduce by 50%.
SL moves down to 84720.
We can expect a descending triangle to form here and continue the bearish trend.
#Wolf_king88
$BTC
Wolf_king88
--
Bearish
#BTC USDT.P Crossing 82558
🎯TP1✔️
🔒Lock in 50% profits💰
➡️SL moves to breakeven⚖️
We are still capped by the downtrend line.
Beware of the risk of further pullback.
#Wolf_king88 $BTC
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#BTC Update: We attacked the heavy resistance area near 95000 several times, but failed. My remaining long position was closed because it hit the breakeven point. The ascending triangle failed to break out, and eventually evolved into a larger triangle, and also chose to break down, so we need to be vigilant about the risk of further decline. From a structural perspective, multiple short structures have been established in overlapping resistance areas, so we need to be vigilant about the occurrence of a pullback. The stage support area worthy of our attention is 90888-91777. #Wolf_king88 $BTC
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📊#BTC Ascending Triangle📈 🧠From a structural perspective, we are currently in an overlapping resistance zone. We failed to fall further yesterday to build a short structure, but continued to digest the selling pressure here in a sideways consolidation manner. Today, we attacked the heavy resistance area near 95,000 again. Only by breaking through this area can we start the surge mode. ➡️From the perspective of wave theory, there is another opportunity to form a bullish wolf wave here, which also represents a signal that the trend is about to end. ➡️From a morphological perspective, an ascending triangle has formed here, and it has now broken upward. We can expect more gains to appear. Let's see👀 🤜If you like my analysis, please like💖 and share💬 #Wolf_king88 $BTC
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📊Can #BTC break through the heavy resistance zone? 🧠From a structural perspective, we are currently in an overlapping resistance zone. We are currently testing the upper edge of the heavy resistance zone again. If we cannot successfully break through, we should be wary of further pullbacks. If we fall below the low near 92,800 and establish a short structure, then we will look for short opportunities after the rebound. ➡️If we continue to break through the previous high, it means that the bullish power is still continuing. Be patient and wait for the pullback opportunity after breaking through the high to appear before looking for entry opportunities. ➡️My short position was reduced by 80% after reaching TP2, and the stop loss was moved down, so the long position hit the breakeven point and was closed. If you don’t move the SL down, you can try to use a small position to expect a scenario where you can’t break through. Let’s see 👀 🤜If you like my analysis, please like 💖 and share 💬 #Wolf_king88 $BTC
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📊#BTC Complex consolidation phase📊 🧠Currently in the resistance zone, but the trend direction is bullish. We are doing narrow fluctuations in the range of 91800-95000. There are some contradictions between the long and short positions here. If we want to participate in new transactions, we must wait until the absolute support and resistance levels. ➡️If it falls below the first support zone near 91800, then we need to pay attention to the second support zone of 88000-89000 ➡️We need to wait for the structure to become clearer before looking for new trading opportunities. 🤜If you like my analysis, please like💖 and share💬 #Wolf_king88 $BTC
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#BTC Update: Reached TP1. We chose to reduce our holdings by 50% after reaching the rising trend support line near 91600, and are currently in a risk-free state. From a structural point of view, a short structure is built in the overlapping resistance zone, so we also need to be vigilant about the risk of a pullback. New long trades need to wait patiently for the buying opportunity after the overlapping resistance zone is broken, the resistance zone turns into the support zone, and the price stabilizes in the support zone. Or pay attention to further pullbacks and find support zones to participate in long trades. If the structure does not change much, then the support zone we can focus on is around 88000-89000. #Wolf_king88 $BTC
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