#BTC Ascending Triangle

22 lug

📊#BTC Ascending Triangle✔️

🧠From a structural point of view, we are still in a long-term bullish trend, and the short-term short structure of the small cycle is difficult to change the trend force of the large cycle. And we have been sideways here for a long time, digesting the selling pressure here, and it seems difficult to pull back. And the 15m level has built a bullish head and shoulders structure, so please be cautious about shorting!

➡️From a morphological point of view, the price is gradually compressed and formed into an ascending triangle. Generally, we will use this model to continue the original trend force.

⚠️Note that if we fall below the inflection point of 115687, it means a short structure at the 4h level. We need to be alert to further pullbacks. At that time, if we want to participate in long transactions, we need to find a lower support level to participate, such as around 112000.

Let's take a look👀

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23 lug

Trade chiuso: obiettivo raggiunto

#BTC Update:

The target area of the bullish head and shoulders structure has been achieved, but there was a pullback before the pressure level near 121,000 was tested. If the bullish trend is to continue, it is necessary to effectively break through the resistance near 121,000. The current long positions have been reduced by 80%, and only a small part of the positions are retained to expect the continuation of the bullish trend.

Short-term support is near 117,911, and extreme support is near 117,000.
The bullish defense point is 116,000. If it falls below this, it means that a deep pullback is likely to occur.

24 lug

Nota

#BTC Update:

Today we need to see an effective breakthrough of 121,000 to remain optimistic and to have the possibility of further surge.

For the second participation position, you can still lock in the main profit near 119,500 and then look forward to more profits.