📊#BTC may rise in a falling wedge pattern📈

Oct 29, 2023

🔔Shortly after we informed everyone to cancel the long orders in the morning, the market price developed in the direction we were worried about, because we had previously advocated being bearish, but we were not persistent.✔️

🧠With the development of PA, we have set two possibilities. If the market price at that time chooses to break through the low point (L) downward, then we will directly pursue the short position. Because the low point is broken, it means that a new short structure has emerged, and our original structure is short, so it is reasonable for us to go short.

🧠If the price chooses to continue to rise above the upper high point (H), then a new long structure will appear, which means that we will attack the short defense point upwards. If the short defensive point is broken, it means that the short structure is destroyed, and then it will be a high probability event to continue to rise. This is a coherent set of thinking logic that everyone can try to understand.☕️

➡️Now we still need to wait for the breakthrough signal of the upper high to be actively bullish.☕️

let us see👀

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