#BTC# Yesterday I wanted to find a high point to go south, but before I even entered, it plummeted. It's unavoidable; I forgot to look for a dip and should have followed the trend from the bottom. Currently, there's over 1k points of space, so I won't continue with the pattern. The overall direction is still to look down, and I'll find opportunities to be a bearish trader then. If looking up, I'll try to keep it short.



From a technical structure perspective, after the breakout last week, we are currently in a phase of a top-bottom reversal. The previous support has now become the current resistance. Above 5000, one can blindly go short. The daily structure's pullback is still far from being complete. It is not impossible to see a plummet below 110k at extreme points.

BTC trading suggestion: look down below 115000
Target: 112000
BTC0.18%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
MeituanDeliveryManAhvip
· 08-06 21:08
1
Reply0
Derenykvip
· 08-06 14:58
HODL Tight 💪
Reply0
Derenykvip
· 08-06 14:58
HODL Tight 💪
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)