#BTC Update: The pullback reaction has already occurred, wh | Wolf_king88 on Binance Square

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Bearish

#BTC Update:

The pullback reaction has already occurred, which means the winning rate has been achieved.

If you have a good profit, you can reduce your holdings or set it to risk-free.

Only if it falls below the turning point of 115687 can we look forward to greater profits and obtain a higher profit-loss ratio.#Wolf_king88 $BTC

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📊#ETH is in a complex consolidation phase 👀 🧠From a structural perspective, the previous long uptrend has ended, so we should be wary of a deeper correction. We are currently in the middle of a complex consolidation, so there are many contradictions. ➡️Thus, if you want to participate in a long trade, you need to patiently observe whether this period of sideways consolidation can continue and a bullish structure can be established. ➡️If you want to participate in a short trade, you need to patiently wait for a break below the yellow support zone on the daily chart. This will then turn into resistance, and then look for short signals within that resistance zone. 🤜If you like my analysis, please like 💖 and share 💬$ETH #Wolf_king88

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#BTC Update Yesterday, we failed to follow the initial decline and instead rebounded from the yellow support zone. Therefore, the structure has changed, and we have canceled our long position near 112,000. To enter a new long trade, we can only look for lower support, such as around 109,000, provided the 1-hour neckline level is not broken. A break above this level would indicate a potential challenge to the bearish support level (119,811). #Wolf_king88 $BTC

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📊#BTC hits neckline resistance and pulls back✔️ 🧠From a structural perspective, we've retreated after hitting resistance at the neckline, as expected. If the current structure continues to decline rapidly, we could potentially retest support near 112,000, or perhaps break below the previous low to sweep liquidity before rebounding. ➡️The resistance zone remains clear. Only if the neckline resistance zone is broken and stabilizes for a day or so can we maintain a positive bullish stance. Let's see 👀 🤜If you like my analysis, please like 💖 and share 💬 #Wolf_king88 $BTC

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📊#BTC enters neckline resistance zone⚠️ 🧠From a structural perspective, we hit the daily neckline support and began to rebound. Unfortunately, it's about $170 away from the overlapping support zone I'm focused on, and the rebound didn't establish a 1-hour bullish structure. This suggests a high probability of encountering resistance and a pullback after this rebound. Therefore, don't chase the rally at the neckline resistance zone! Only if we can break through the neckline resistance zone and stabilize for a day or so should we actively consider a bullish move. ➡️Support is clearly around 120,000. Even if it falls below this level, as long as the 4-hour closing price is above it, this support level will remain valid. Extreme support is still around 110,000! 🤜If you like my analysis, please like 💖 and share 💬 #Wolf_king88 $BTC

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📊 Is the #BTC pullback over? 🧠From a structural perspective, a bearish structure has formed on both the 1-hour and 4-hour charts, so we should be wary of the risk of a further pullback. ➡️Resistance is the area formed by the two necklines (114675-115729). Support is primarily the overlap between the yellow and green areas (110000-111688). If we can establish a bullish structure on the 1-hour chart here, we still have a chance of continuing the bullish trend. 🤜If you like my analysis, please like 💖 and share 💬 #Wolf_king88 $BTC

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