【Multiple bottom? Bottoming does not mean a reversal】

BTC

The minor neckline at 775 has been broken, as noted yesterday. The lower timeframe has stopped falling. However, there is heavy resistance above; the higher high on the hr timeframe is 796. If this level cannot be broken, then objectively, there is still no bullish structure on the hr timeframe~~

This weekend multiple bottom at 765 can only be treated as intraday short-term support. From the perspective of the 7.6-8.23 consolidation range, my subjective view is that it has not yet dipped below 7.6 for a liquidity sweep. The upside is relatively limited.

Intraday, there is little risk-reward in trading either long or short at the current price. I recommend staying flat here. Either wait for a break above 796 to confirm a bullish trend and enter on a pullback, or wait for a sweep around 7.6 before trading.

For those already on board with short-term positions, if 781 remains resistant and cannot be broken after the evening open, it is recommended to manage risk promptly.
$BTC ##韩国股市开盘重挫3%