#BTC bullish structure is broken, beware of pullback!

19 May

📊#BTC bullish structure is broken, beware of pullback!

🧠The target of the ascending triangle is achieved and it falls below the turning point of the bullish structure at 102561, which means that the upward trend is likely to end. The bullish structure is broken, which means that the probability of continued rise has become lower. Therefore, we can wait for a rebound before looking for short opportunities.

➡️The support near 100700 has never been tested, which is worth our attention.

Let's take a look 👀

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BTCUSDT.P

19 May

İşlem aktif

Overlapping resistance zone reached.
Long trade closed, short trade activated.

20 May

İşlem elle kapatılmış

Instead of falling further, it started to rebound.
And we had no cost advantage, so we exited the transaction near the cost price.

20 May

Not

We are in a contradictory range again, so I choose to exit and wait and see.

Long trading opportunities need to wait for a pullback after breaking through the previous high.

Short trading opportunities need to wait for a rebound after breaking through the low point of 104139.

If you hold a short order with a good cost price, then you can continue to expect more in a low-risk way, otherwise continue to wait patiently.