#BTC Ascending Triangle

4 giorni fa

📊#BTC Ascending Triangle

🧠From a structural perspective, the daily upward trend has ended, which means that the correction expectation at the daily level has always existed, so we need to be alert to this possibility and do a good job of risk management. At present, there is no short structure, so if you want to participate in short trading, you need to look for opportunities in the heavy resistance area (106500-108200).

➡️From a graphical perspective, we have been sideways for nearly a month, and the price is gradually being squeezed to form an ascending triangle. At present, the price shows signs of stabilization at the lower edge of the triangle, and we need to be alert to the risk of rebound. Only when the closing price at the 4h level is lower than the lower edge of the triangle or the price falls below the inflection point of 102611, can we think that the market direction has chosen to go down.

⚠️Note that there will be a Fed interest rate decision and geopolitical negotiations in the Middle East today, and the market may fluctuate violently, so be sure to do a good job of risk management.

Let's take a look👀

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4 giorni fa

Trade attivo

#BTC Update:

We continue to try some shorts, as the 4h close is below the lower edge of the ascending triangle.

If we do not continue to fall, but instead break our stop loss, it means that the bullish trend is continuing. After the bullish structure is established, we need to look for opportunities in the heavy resistance area (106500-108200) to participate in short trades.

If the 4h close is above 105200, then we can expect further gains.

3 giorni fa

Nota

Set breakeven