Evening Bitcoin Outlook


Although the second rally broke through the triangle pattern upward, it did not continue the rebound, and a very unfriendly shooting star appeared at the key resistance level, signaling that the bulls' upward momentum is very weak.
To continue the upward trend in the short term, a volume-supported breakthrough of the strong resistance zone at 2131‑2144 is necessary; only after stabilizing above this level can there be a chance to target 2158‑2193. If it cannot break through this zone, the upward space is basically closed off. Only by effectively stabilizing above 2193 can the upward space be truly opened; currently, all upward movements are only defined as rebounds, not trend reversals.
Trading Suggestions:
• Break through 2125 with volume, follow the trend and go long on the right side;
After the hourly chart stabilizes, the rebound target is 2158‑2193;
• Drop below 2099 with volume and fail to recover on the rebound, follow the trend and go short, closely monitor volume changes, and strictly set stop-loss;
• On the 4-hour level, if it effectively breaks below 2092, the downward target is 2057‑2007.
BTC0.31%
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GoldenTunnel
· 05-25 13:43
Buy the dip 😎
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GoldenTunnel
· 05-25 13:43
Just charge forward 👊
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