#BTC bearish cup-handle structure, beware of a pullback!

l’altro ieri

📊#BTC bearish cup-handle structure, beware of a pullback!

🧠From a structural perspective, we broke below the neckline, which means a bearish structure is established, so we need to be wary of further declines.

➡️Yesterday's decline was rapid, so we can wait for a rebound to appear and look for shorting opportunities near the blue resistance area or the downward trend line.

➡️Since it is the weekend, the trading volume may be less. If there is no rebound, then we need to wait patiently for a period of sideways consolidation before looking for shorting opportunities.

⚠️Note that the area around 106500 is a support-resistance conversion zone. If it breaks through here and stabilizes, we can remain optimistic.

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l’altro ieri

Trade attivo

#BTC Update:

Reaching the blue resistance zone and getting blocked.

The trade was activated when the price broke below the lower edge of the rising wedge.

Risk-free for now!

Let’s see if there is a further pullback from here.

13 ore fa

Trade chiuso: obiettivo raggiunto

#BTC

80% profit can be locked in near the second yellow support zone.
Keep a small position to look forward to the target of the bearish cup-handle structure near 97666.