#BTC Ascending Triangle

23 Ağu

📊#BTC Ascending Triangle📈

🧠After being rejected at the resistance zone, we made a pullback as expected. From a morphological point of view, we have formed an ascending triangle within the ascending channel, and we need to observe the breakthrough of either party to judge how the next trend will develop.

➡️If we fall below the lower edge and the yellow inflection point, it means that the short structure is established and we have the opportunity to fall below the ascending channel to start a further callback.

➡️If we break upward and successfully break through the resistance zone, then we can see the target zone above 64k

➡️No matter how the final market chooses, we don’t need to guess, just take appropriate measures. The stop loss of the long orders we hold has been moved up, and we are in a risk-free state. We can look forward to more.

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