The blue Gann angle line 2/1 reignited its strength again. Last night, as it approached the resistance zone, it was notified in the group to reduce positions. That’s how short-term trading is: go in when there’s a chance, cut back when there’s pressure, and the swing-trading approach keeps compounding profits.

As you can see, BTC tested the blue Gann angle line 2/1 upward on June 15 but failed to break through; afterward, it fell to a new low. Last night it tested that level again and was rejected once more. So can it break through this time?

First, the conclusion: as long as in the next two days BTC does not fall below 63412, the decline starting from 66956 should be treated as a small-scale pullback. After the pullback ends, I believe BTC will break the overhead resistance level (66900-67300).

After breaking 67300, the upper resistance level will be around 70380. If BTC returns to the 7 handle, my friends and I will all be very happy, but I guess friends who chased shorts at lower levels will probably cry. #btc $BTC ‌