📊#BTC reaches the target area, beware of pullbacks⚠️
🧠From a structural point of view, we have support near H1, and built a bullish head and shoulders structure, and broke through the downward trend line, so it is very reasonable to have such a rise.
➡️Unfortunately, the price did not reach the 105,000 support that I wanted to pay attention to, and this rise happened when I was sleeping, so I missed it.
➡️But now the price has reached the 110,000 pressure area that I am concerned about, and has reached the target area of the bullish head and shoulders structure. So I will not chase the rise in the resistance area, but I will look for some shorting opportunities.
⚠️Note that the main trend is long, so shorting is a counter-trend transaction, and we need to be cautious. Try to pay attention to the opportunity to go long on the pullback. The more aggressive support is near 108,000, and the more conservative support is near H1. It has been tested twice here. Will it be tested for the third time?
