📊#BTC failed to break through, beware of pullbacks⚠️
🧠Yesterday, I found signs of stabilization near 109500 and closed my short position and went long because I was worried that we would break through the resistance area near 110000. As a result, the market developed as expected and we successfully broke through, but unfortunately we did not stabilize above the resistance area of 110000.
➡️From a graphical point of view, we formed an extended wedge near the resistance area, and we have now fallen through this pattern, which is about $400 away from the support near 107000 that I want to focus on, so I missed this rebound space.
➡️Currently we are blocked by the downward trend line. Only if we break through here and stabilize, can we see a big surge.
⚠️Note that we have tested the support near 107000 many times. If we fall below here, we will see further pullbacks.
