wolf_king88
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📊#ETH is about to test the resistance zone again ⚠️
🧠From a structural perspective, we have successfully broken through the S/R level near 2000, so this area has turned from resistance to support. If the price can retest this level, then we can try some long positions.
➡️If we don't retest the support near 2000 from here and instead continue to rise, then we will retest the resistance near 2130.
⚠️We are still in a range-bound phase (maintaining a buy-low-sell-high strategy), so please stay rational and don't let your emotions control you!
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#Wolf_king88 $ETH
🧠From a structural perspective, we have successfully broken through the S/R level near 2000, so this area has turned from resistance to support. If the price can retest this level, then we can try some long positions.
➡️If we don't retest the support near 2000 from here and instead continue to rise, then we will retest the resistance near 2130.
⚠️We are still in a range-bound phase (maintaining a buy-low-sell-high strategy), so please stay rational and don't let your emotions control you!
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#Wolf_king88 $ETH
Valmir Ramadani -VR studio-:
we will have correction 1950-1990
#ETH
The remaining short positions were closed because they hit the cost price!
The support around 1900 is very strong. I haven't seen further declines, indicating we're not in a hurry to test the extreme support zone below.
Therefore, we should patiently wait for a pullback opportunity before engaging in long positions.
#Wolf_king88 $ETH
The remaining short positions were closed because they hit the cost price!
The support around 1900 is very strong. I haven't seen further declines, indicating we're not in a hurry to test the extreme support zone below.
Therefore, we should patiently wait for a pullback opportunity before engaging in long positions.
#Wolf_king88 $ETH
#ETH USDT.P Crossing 1929
🎯TP1✔️
🔒Lock in 50% profits💰
➡️SL moves to breakeven⚖️
#Wolf_king88 $ETH
{future}(ETHUSDT)
🎯TP1✔️
🔒Lock in 50% profits💰
➡️SL moves to breakeven⚖️
#Wolf_king88 $ETH
{future}(ETHUSDT)
#ETH
The pullback has already occurred.
This means the winning probability has been reached.
If you want a higher risk-reward ratio, you can set a no-risk strategy and then wait.
#Wolf_king88 $ETH
The pullback has already occurred.
This means the winning probability has been reached.
If you want a higher risk-reward ratio, you can set a no-risk strategy and then wait.
#Wolf_king88 $ETH
📊#ETH Ascending Wedge 📉
🧠From a structural perspective, we are still in a downtrend, and the downtrend structure remains intact. Therefore, the risk of further decline has not been eliminated. We are currently facing resistance around 2000; be cautious about chasing the price higher!
➡️From a model perspective, an ascending wedge has formed here. We generally expect the price to continue falling according to this model.
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#Wolf_king88 $ETH
{future}(ETHUSDT)
🧠From a structural perspective, we are still in a downtrend, and the downtrend structure remains intact. Therefore, the risk of further decline has not been eliminated. We are currently facing resistance around 2000; be cautious about chasing the price higher!
➡️From a model perspective, an ascending wedge has formed here. We generally expect the price to continue falling according to this model.
🤜If you like my analysis, please like 💖 and share 💬
#Wolf_king88 $ETH
{future}(ETHUSDT)
📊Will #BTC continue to fall?
🧠From a structural perspective, we haven't stabilized above 68,000, so it's reasonable that our test of the S/R level here was rejected. The 64,000-66,000 area still represents support, but a rebound has occurred, weakening its effectiveness. If you still want to participate in long positions here, it's recommended to use only a small amount of capital.
➡️Good support is around 60,800, with extreme support around 58,888.
⚠️Note that the previous low L is an invalid defense point, as there's still a chance it will break below this level, so please manage your risk carefully.
Let's see 👀
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#Wolf_king88 $BTC
🧠From a structural perspective, we haven't stabilized above 68,000, so it's reasonable that our test of the S/R level here was rejected. The 64,000-66,000 area still represents support, but a rebound has occurred, weakening its effectiveness. If you still want to participate in long positions here, it's recommended to use only a small amount of capital.
➡️Good support is around 60,800, with extreme support around 58,888.
⚠️Note that the previous low L is an invalid defense point, as there's still a chance it will break below this level, so please manage your risk carefully.
Let's see 👀
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#Wolf_king88 $BTC
📊Where are the key support levels for #BTC?
🧠From a structural perspective, we are still in a downtrend. Significant resistance has formed around 72,000, with the next resistance level around 74,500.
➡️Currently, we are in a weak support zone. Only a solid structure forming here can we participate in a bullish formation, or only after stabilizing above 68,000 should we chase the rally!
➡️A better support zone is around 64,000, with an extreme support level around 60,588.
⚠️US January employment data will be released today, so be wary of potential sharp fluctuations.
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#Wolf_king88 $BTC
{future}(BTCUSDT)
🧠From a structural perspective, we are still in a downtrend. Significant resistance has formed around 72,000, with the next resistance level around 74,500.
➡️Currently, we are in a weak support zone. Only a solid structure forming here can we participate in a bullish formation, or only after stabilizing above 68,000 should we chase the rally!
➡️A better support zone is around 64,000, with an extreme support level around 60,588.
⚠️US January employment data will be released today, so be wary of potential sharp fluctuations.
🤜If you like my analysis, please like💖 and share💬
#Wolf_king88 $BTC
{future}(BTCUSDT)
#ETH
The pullback has already occurred.
This means the winning probability has been reached.
If you want a higher risk-reward ratio, you can set a no-risk strategy and then wait.
#Wolf_king88 $ETH
{future}(ETHUSDT)
The pullback has already occurred.
This means the winning probability has been reached.
If you want a higher risk-reward ratio, you can set a no-risk strategy and then wait.
#Wolf_king88 $ETH
{future}(ETHUSDT)
📊#ETH Ascending Wedge 📉
🧠From a structural perspective, we are still in a downtrend, and the downtrend structure remains intact. Therefore, the risk of further decline has not been eliminated. We are currently facing resistance around 2000; be cautious about chasing the price higher!
➡️From a model perspective, an ascending wedge has formed here. We generally expect the price to continue falling according to this model.
🤜If you like my analysis, please like 💖 and share 💬
#Wolf_king88 $ETH
🧠From a structural perspective, we are still in a downtrend, and the downtrend structure remains intact. Therefore, the risk of further decline has not been eliminated. We are currently facing resistance around 2000; be cautious about chasing the price higher!
➡️From a model perspective, an ascending wedge has formed here. We generally expect the price to continue falling according to this model.
🤜If you like my analysis, please like 💖 and share 💬
#Wolf_king88 $ETH
📊Where is the key support for #ETH?
🧠From a structural perspective, we are still in a downtrend, and a box-shaped trading range will likely form between 1737 and 2150. Therefore, both the bottom and top of this range present opportunities for both long and short positions.
➡️Therefore, the key support zone to watch is 1865-1900, with extreme support around 1788.
➡️The resistance zone is 2150-2250.
⚠️In a highly volatile market, please be sure to manage your risk!
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#Wolf_king88 $ETH
{future}(ETHUSDT)
🧠From a structural perspective, we are still in a downtrend, and a box-shaped trading range will likely form between 1737 and 2150. Therefore, both the bottom and top of this range present opportunities for both long and short positions.
➡️Therefore, the key support zone to watch is 1865-1900, with extreme support around 1788.
➡️The resistance zone is 2150-2250.
⚠️In a highly volatile market, please be sure to manage your risk!
🤜If you like my analysis, please like💖 and share💬
#Wolf_king88 $ETH
{future}(ETHUSDT)
📊Where is the key support for #ETH?
🧠From a structural perspective, we are still in a downtrend, and a box-shaped trading range will likely form between 1737 and 2150. Therefore, both the bottom and top of this range present opportunities for both long and short positions.
➡️Therefore, the key support zone to watch is 1865-1900, with extreme support around 1788.
➡️The resistance zone is 2150-2250.
⚠️In a highly volatile market, please be sure to manage your risk!
🤜If you like my analysis, please like💖 and share💬
#Wolf_king88 $ETH
🧠From a structural perspective, we are still in a downtrend, and a box-shaped trading range will likely form between 1737 and 2150. Therefore, both the bottom and top of this range present opportunities for both long and short positions.
➡️Therefore, the key support zone to watch is 1865-1900, with extreme support around 1788.
➡️The resistance zone is 2150-2250.
⚠️In a highly volatile market, please be sure to manage your risk!
🤜If you like my analysis, please like💖 and share💬
#Wolf_king88 $ETH
📊Where are the key support levels for #BTC?
🧠From a structural perspective, we are still in a downtrend. Significant resistance has formed around 72,000, with the next resistance level around 74,500.
➡️Currently, we are in a weak support zone. Only a solid structure forming here can we participate in a bullish formation, or only after stabilizing above 68,000 should we chase the rally!
➡️A better support zone is around 64,000, with an extreme support level around 60,588.
⚠️US January employment data will be released today, so be wary of potential sharp fluctuations.
🤜If you like my analysis, please like💖 and share💬
#Wolf_king88 $BTC
🧠From a structural perspective, we are still in a downtrend. Significant resistance has formed around 72,000, with the next resistance level around 74,500.
➡️Currently, we are in a weak support zone. Only a solid structure forming here can we participate in a bullish formation, or only after stabilizing above 68,000 should we chase the rally!
➡️A better support zone is around 64,000, with an extreme support level around 60,588.
⚠️US January employment data will be released today, so be wary of potential sharp fluctuations.
🤜If you like my analysis, please like💖 and share💬
#Wolf_king88 $BTC
#BTC.W Update
From a structural perspective, we've reached the vicinity of the neckline support zone on both the weekly and monthly charts, so consolidation here is reasonable.
We've completed a 52.46% retracement from our all-time high, meaning we've retraced half of the gains. Therefore, finding support here is quite reasonable, and we're expecting a rebound for most of our BTC accumulated here.
I believe we've entered a prolonged period of sideways consolidation. Although it's a bear market, we shouldn't be too pessimistic about its downward trend. We might consolidate here for several months.
#Wolf_king88 $BTC
From a structural perspective, we've reached the vicinity of the neckline support zone on both the weekly and monthly charts, so consolidation here is reasonable.
We've completed a 52.46% retracement from our all-time high, meaning we've retraced half of the gains. Therefore, finding support here is quite reasonable, and we're expecting a rebound for most of our BTC accumulated here.
I believe we've entered a prolonged period of sideways consolidation. Although it's a bear market, we shouldn't be too pessimistic about its downward trend. We might consolidate here for several months.
#Wolf_king88 $BTC
📊#BTC Bearish Head and Shoulders Structure 📉
🧠From a structural perspective, after a strong rebound, we reached the blue resistance zone, but didn't see any intention to test the extreme resistance at 74,000. Furthermore, after a period of sideways consolidation, we've formed a bearish head and shoulders structure within the blue resistance zone, so there's a probability we'll continue to fall from here.
⚠️Today is the start of the week, so significant volatility is expected. Please be sure to manage your risk carefully.
Let's see 👀
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#Wolf_king88 $BTC
🧠From a structural perspective, after a strong rebound, we reached the blue resistance zone, but didn't see any intention to test the extreme resistance at 74,000. Furthermore, after a period of sideways consolidation, we've formed a bearish head and shoulders structure within the blue resistance zone, so there's a probability we'll continue to fall from here.
⚠️Today is the start of the week, so significant volatility is expected. Please be sure to manage your risk carefully.
Let's see 👀
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#Wolf_king88 $BTC
#ETH
Cancel this trade.
Unfortunately, it missed our entry point by $1.22.
It has now reached TP1. If your limit order was set slightly lower or you entered manually, it should have triggered profit-taking by now. You can set it to risk-free and look forward to the second TP.
This trade is no longer being tracked; I will look for new trigger opportunities.
#Wolf_king88 $ETH
Cancel this trade.
Unfortunately, it missed our entry point by $1.22.
It has now reached TP1. If your limit order was set slightly lower or you entered manually, it should have triggered profit-taking by now. You can set it to risk-free and look forward to the second TP.
This trade is no longer being tracked; I will look for new trigger opportunities.
#Wolf_king88 $ETH
📊#ETH is about to enter a resistance zone ⚠️
🧠From a structural perspective, we are within the daily pullback target zone (green box), therefore a daily rebound is expected. However, a daily reversal structure has not yet formed in this area, so we will likely enter a sideways consolidation phase in the next few days.
➡️We are currently approaching the gray resistance zone (2023-2133) and support/resistance lines, so chasing the price upwards here is not recommended!
I think the resistance around 2400 will be difficult to reach in the short term.
➡️Strong support is around 1788.
Let's see 👀
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#Wolf_king88 $ETH
{future}(ETHUSDT)
🧠From a structural perspective, we are within the daily pullback target zone (green box), therefore a daily rebound is expected. However, a daily reversal structure has not yet formed in this area, so we will likely enter a sideways consolidation phase in the next few days.
➡️We are currently approaching the gray resistance zone (2023-2133) and support/resistance lines, so chasing the price upwards here is not recommended!
I think the resistance around 2400 will be difficult to reach in the short term.
➡️Strong support is around 1788.
Let's see 👀
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#Wolf_king88 $ETH
{future}(ETHUSDT)
📊#ETH is about to enter a resistance zone ⚠️
🧠From a structural perspective, we are within the daily pullback target zone (green box), therefore a daily rebound is expected. However, a daily reversal structure has not yet formed in this area, so we will likely enter a sideways consolidation phase in the next few days.
➡️We are currently approaching the gray resistance zone (2023-2133) and support/resistance lines, so chasing the price upwards here is not recommended!
I think the resistance around 2400 will be difficult to reach in the short term.
➡️Strong support is around 1788.
Let's see 👀
🤜If you like my analysis, please like 💖 and share 💬
#Wolf_king88 $ETH
🧠From a structural perspective, we are within the daily pullback target zone (green box), therefore a daily rebound is expected. However, a daily reversal structure has not yet formed in this area, so we will likely enter a sideways consolidation phase in the next few days.
➡️We are currently approaching the gray resistance zone (2023-2133) and support/resistance lines, so chasing the price upwards here is not recommended!
I think the resistance around 2400 will be difficult to reach in the short term.
➡️Strong support is around 1788.
Let's see 👀
🤜If you like my analysis, please like 💖 and share 💬
#Wolf_king88 $ETH
#ETH
Unfortunately, the highest price of the rebound was $25 lower than our TP1 price, resulting in a significant profit retracement. Furthermore, the cost price wasn't advantageous, so we're closing the position to lock in profits.
Only a breakout above the downtrend line will trigger a surge, but I'm more inclined to enter after another pullback. Key support levels to watch are around 2200 and 2160.
Extreme support levels remain around 2088 and 2100.
#Wolf_king88 $ETH
{future}(ETHUSDT)
Unfortunately, the highest price of the rebound was $25 lower than our TP1 price, resulting in a significant profit retracement. Furthermore, the cost price wasn't advantageous, so we're closing the position to lock in profits.
Only a breakout above the downtrend line will trigger a surge, but I'm more inclined to enter after another pullback. Key support levels to watch are around 2200 and 2160.
Extreme support levels remain around 2088 and 2100.
#Wolf_king88 $ETH
{future}(ETHUSDT)
#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.
#Wolf_king88 $BTC
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.
#Wolf_king88 $BTC
📊#ETH Sideways Consolidation📊
🧠From a structural perspective, we're currently within the target of a bullish structure on the daily chart, so be wary of a correction on the daily chart! The price is currently in a sideways consolidation phase on the 4-hour chart, with resistance near 4500 and support near 4200.
➡️There are signs of a third test of the 4500 resistance level, but be cautious of false breakout scenarios, as the risk of chasing the rally is too high. Furthermore, ETH spot ETFs have recently seen net outflows, so I'm more inclined to believe a rebound scenario after testing lower support levels, such as a rapid drop below 4000 followed by a strong rebound.
➡️It's worth noting that the altcoin wave has already arrived, so we should keep an eye on the altcoin market opportunities.
Let's take a look👀
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#Wolf_king88 $ETH
🧠From a structural perspective, we're currently within the target of a bullish structure on the daily chart, so be wary of a correction on the daily chart! The price is currently in a sideways consolidation phase on the 4-hour chart, with resistance near 4500 and support near 4200.
➡️There are signs of a third test of the 4500 resistance level, but be cautious of false breakout scenarios, as the risk of chasing the rally is too high. Furthermore, ETH spot ETFs have recently seen net outflows, so I'm more inclined to believe a rebound scenario after testing lower support levels, such as a rapid drop below 4000 followed by a strong rebound.
➡️It's worth noting that the altcoin wave has already arrived, so we should keep an eye on the altcoin market opportunities.
Let's take a look👀
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#Wolf_king88 $ETH
📊#ETH may build a smiley face structure☕️
🧠We finally found good support near the support area and have the opportunity to build a smiley face bullish structure here. If this structure holds, then we will most likely go to around the 3880 level.
Let's see👀
⚠️At the same time, don’t forget about risk management.
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#wolf_king88
🧠We finally found good support near the support area and have the opportunity to build a smiley face bullish structure here. If this structure holds, then we will most likely go to around the 3880 level.
Let's see👀
⚠️At the same time, don’t forget about risk management.
💕 Follow me so you don't miss out on any signals and analyze 💯
👋If you think this post is useful to you, don’t forget to give a tip to support💪
#wolf_king88
📊#ETH reaches the target zone ✔️
🧠From a structural perspective, the goals of the double bottom long structure have all been achieved, and the goals of the ascending triangle have all been achieved, so we need to be wary of the expectation of a pullback.
➡️Although the goals have all been achieved, it is a pity that our long orders were swept after setting the breakeven. This is how trading works. When you reduce risk, it means reducing future profit margins, but such good habits can keep you alive for a long time.
➡️If there is a pullback, the short-term support levels worth paying attention to are 3322 and 3394.
⚠️If we consolidate horizontally, then we need to pay attention to the breakthrough opportunities after the price is compressed to the limit.
Let's see👀
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#Wolf_king88 $ETH
🧠From a structural perspective, the goals of the double bottom long structure have all been achieved, and the goals of the ascending triangle have all been achieved, so we need to be wary of the expectation of a pullback.
➡️Although the goals have all been achieved, it is a pity that our long orders were swept after setting the breakeven. This is how trading works. When you reduce risk, it means reducing future profit margins, but such good habits can keep you alive for a long time.
➡️If there is a pullback, the short-term support levels worth paying attention to are 3322 and 3394.
⚠️If we consolidate horizontally, then we need to pay attention to the breakthrough opportunities after the price is compressed to the limit.
Let's see👀
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#Wolf_king88 $ETH
#BTC Update
It is difficult to fall here and there is a possibility of further continuation of the bullish trend, so this short trade is canceled.
If it does fall, then look for long opportunities near the support and follow the trend.
#Wolf_king88 $BTC
It is difficult to fall here and there is a possibility of further continuation of the bullish trend, so this short trade is canceled.
If it does fall, then look for long opportunities near the support and follow the trend.
#Wolf_king88 $BTC
📊#BTC reaches the target area, beware of pullbacks⚠️
🧠From a structural point of view, we have support near H1, and built a bullish head and shoulders structure, and broke through the downward trend line, so it is very reasonable to have such a rise.
➡️Unfortunately, the price did not reach the 105,000 support that I wanted to pay attention to, and this rise happened when I was sleeping, so I missed it.
➡️But now the price has reached the 110,000 pressure area that I am concerned about, and has reached the target area of the bullish head and shoulders structure. So I will not chase the rise in the resistance area, but I will look for some shorting opportunities.
⚠️Note that the main trend is long, so shorting is a counter-trend transaction, and we need to be cautious. Try to pay attention to the opportunity to go long on the pullback. The more aggressive support is near 108,000, and the more conservative support is near H1. It has been tested twice here. Will it be tested for the third time?
Let's see👀
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#Wolf_king88 $BTC
{future}(BTCUSDT)
🧠From a structural point of view, we have support near H1, and built a bullish head and shoulders structure, and broke through the downward trend line, so it is very reasonable to have such a rise.
➡️Unfortunately, the price did not reach the 105,000 support that I wanted to pay attention to, and this rise happened when I was sleeping, so I missed it.
➡️But now the price has reached the 110,000 pressure area that I am concerned about, and has reached the target area of the bullish head and shoulders structure. So I will not chase the rise in the resistance area, but I will look for some shorting opportunities.
⚠️Note that the main trend is long, so shorting is a counter-trend transaction, and we need to be cautious. Try to pay attention to the opportunity to go long on the pullback. The more aggressive support is near 108,000, and the more conservative support is near H1. It has been tested twice here. Will it be tested for the third time?
Let's see👀
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#Wolf_king88 $BTC
{future}(BTCUSDT)
#BTC Update
The blue resistance zone has been broken, turning into support.
The market performance has not met expectations, so we added to our short position at a high level, raised our purchase price, and closed the short trade when the price reached near our purchase price.
The FOMC meeting is approaching, which means significant volatility is imminent, so please be sure to manage your risk!
Currently, the price is testing the yellow support zone again, and I believe we could continue higher from here.
If the yellow support zone and the yellow turning point are broken again, we should be wary of a deeper correction.
$BTC
{future}(BTCUSDT)
#Wolf_king88
The blue resistance zone has been broken, turning into support.
The market performance has not met expectations, so we added to our short position at a high level, raised our purchase price, and closed the short trade when the price reached near our purchase price.
The FOMC meeting is approaching, which means significant volatility is imminent, so please be sure to manage your risk!
Currently, the price is testing the yellow support zone again, and I believe we could continue higher from here.
If the yellow support zone and the yellow turning point are broken again, we should be wary of a deeper correction.
$BTC
{future}(BTCUSDT)
#Wolf_king88
📊#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!
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#Wolf_king88 $BTC
🧠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!
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#Wolf_king88 $BTC
#BTC Update
We broke directly below both L1 and L2, signaling the emergence of a bearish structure in the 1-hour and 4-hour charts, so we should be wary of a further pullback.
After breaking below L2 again, we added a long order of the same size, and therefore exited the long position near our cost price after the rebound.
If we can break through the blue turning point of 116,000, we have the potential for a further rebound. If the price can reclaim above 118,000 next Monday, we have a chance to continue the bullish trend. Otherwise, we should be wary of the risk of a further pullback. We should keep an eye on the next support level around 111,500.
#Wolf_king88 $BTC
We broke directly below both L1 and L2, signaling the emergence of a bearish structure in the 1-hour and 4-hour charts, so we should be wary of a further pullback.
After breaking below L2 again, we added a long order of the same size, and therefore exited the long position near our cost price after the rebound.
If we can break through the blue turning point of 116,000, we have the potential for a further rebound. If the price can reclaim above 118,000 next Monday, we have a chance to continue the bullish trend. Otherwise, we should be wary of the risk of a further pullback. We should keep an eye on the next support level around 111,500.
#Wolf_king88 $BTC
📊#BTC Potential Trading Opportunities🔥
🧠We've been trading sideways for quite some time, and selling pressure has largely been exhausted, so we need to find support to enter a long trade.
➡️From a structural perspective, there's a chance for a bullish head-and-shoulders pattern to form. If this pattern holds, we could see a move above $120,000 or even higher.
Potential support is likely between $116,300 and $117,000.
Short-term resistance is around $120,000.
⚠️Note: A break below L1 would destabilize the structure and significantly reduce bullish expectations.
🤜If you like my analysis, please like 💖 and share 💬
#Wolf_king88 $BTC
{future}(BTCUSDT)
🧠We've been trading sideways for quite some time, and selling pressure has largely been exhausted, so we need to find support to enter a long trade.
➡️From a structural perspective, there's a chance for a bullish head-and-shoulders pattern to form. If this pattern holds, we could see a move above $120,000 or even higher.
Potential support is likely between $116,300 and $117,000.
Short-term resistance is around $120,000.
⚠️Note: A break below L1 would destabilize the structure and significantly reduce bullish expectations.
🤜If you like my analysis, please like 💖 and share 💬
#Wolf_king88 $BTC
{future}(BTCUSDT)
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