📊#BTC is in a contradictory range, stay cautious⚠️

20 de dez. de 2023

➡️Overall, we are still in a complex consolidation stage, because our ideal long and short goals have not been achieved. Yesterday we reduced the short position and moved the stop loss down. We wanted to expect more without risk, but in the end In the end, it was still swept away, um~ I made a small profit. 💰🍻

🧠From a structural point of view, the double bottom structure was established after we broke through the turning point yesterday. Therefore, this period of rise is fully in line with expectations. The goal of the double bottom structure has been achieved so far, so there is a risk of a callback. Longers can reduce their holdings and then It is risk-free to look forward to a breakthrough from the previous high. If the previous high is broken, the expectation of downward adjustment will be invalidated, and the direction will change to actively bullish. 📈

➡️If it fails to break through the previous high and starts to fall instead, then if it falls below the previous low, a potential double-top bearish structure will be established, and then we will enter a larger level of adjustment range. Therefore, there are still expectations of decline here, and you need to be cautious if you are bullish! ⚠️

➡️From a morphological analysis, we can find that the price is gradually being squeezed into an ascending triangle, so we can pay attention to the final breakthrough direction chosen by the market. There is no need to guess how the market will make choices at the moment, we just need to remain patient. ☕️

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22 de dez. de 2023

Trade ativo

📊#BTC may continue to rise based on cup and handle structure📈

➡️From a structural analysis point of view, we have formed a standard bullish cup-and-handle structure during the consolidation process here, so there is a high probability that we will use this bullish structure as a supporting force to continue the rise.

➡️From a morphological analysis, we successfully broke through the upper edge of the ascending triangle, so we also chose to continue to rise in direction.

🧠So I have reason to think that we will continue to go higher and there is a high probability of breaking through the previous high.

Let’s see 👀

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