📊#BTC decline expectations still exist📉
🧠From a structural perspective, the yellow support area near 83,000 is still relatively solid. As time goes by, we have digested the selling pressure of the blue resistance area in a horizontal consolidation manner, so the probability of us making in-depth adjustments from around 85,000 is reduced. If it continues to break upward, the resistance area worthy of our attention is 86,100-87,000.
➡️From a graphical perspective, an ascending triangle is formed here. Generally, we continue to rise according to this model, which also means that the upward trend is about to end.
➡️Because I am worried that we may not be able to fall below the support of 83,000 smoothly, I manually reduced my holdings once near 83,900 yesterday, and then bought back the reduced positions at 83,619. Today, I reduced my holdings again near the same position, which is currently in a risk-free state.
⚠️Now we need to observe the situation where either side is broken, pay attention to the short-selling opportunities in the resistance area, and the long-selling opportunities in the support area.
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