Bitcoin / TetherUSShort
BTC short-term rebound under pressure
Updated
BTC is currently in a downward channel adjustment. The double top of 100,000 points is under pressure. If it breaks above here, the short-term trend of BTC will turn from weak to strong.
The short-term level narrow range breaks down and rebounds to repair. The short-term resistance above is 97,600, which is also the pressure level on the upper edge of the upward channel. The short-term support below is 95,000. If this position breaks down, the price will test the 92,500 line.
On the current trend, BTC’s short-term rebound has offset the shrinkage. The upper range is suppressed in a narrow range. In terms of operation, it is still mainly rebounding and shorting.
The short-term level narrow range breaks down and rebounds to repair. The short-term resistance above is 97,600, which is also the pressure level on the upper edge of the upward channel. The short-term support below is 95,000. If this position breaks down, the price will test the 92,500 line.
On the current trend, BTC’s short-term rebound has offset the shrinkage. The upper range is suppressed in a narrow range. In terms of operation, it is still mainly rebounding and shorting.
Trade active
BTC short-term surge and then fall back, volume is exhausted. The upper high point is lowered twice.
BTC SELL@ 96700-97000
SL 98500
TP 95700
TP 94800
TP 93700
Trade closed: target reached
BTC has now reached the first TP target, and is only 600 points away from the next target of 94800. The current trend may encounter resistance and adjustment after reaching 95400.
Short-term participants can close the transaction first.
Those with sufficient positions can continue to hold and pay attention to the 93700 area.
Note
BTC ran according to plan and reached all TPs perfectly.
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