#BTC reaches the support line, be cautious about rebounding

28 May

📊#BTC reaches the support line, be cautious about rebounding⚠️

🧠From a structural perspective, we tested the resistance area near 110,000 again yesterday, but failed to break through. The price has stabilized after pulling back to the uptrend support line, so we need to be alert to the risk of rebound⚠️

➡️If we still cannot break through the resistance area near 110,000 this time, we should be alert to the arrival of a plunge. After breaking the downtrend support line, I expect a deep correction phase to begin.

Let's see👀

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BTCUSDT.P

28 May

İşlem aktif

#BTC Update:

We broke below the uptrend support line, and the support line turned into resistance line.

We tested the support near H1 again, and there is a possibility of a rebound. So don't chase the short here. If you want to short, you can pay attention to the trading opportunities near the resistance line (108000-109000).

The next short-term support worth our attention is around 105000, and the extreme support is around 100700 (it will not be reached in a short time unless a black swan event occurs)

28 May

İşlem kapandı: hedefe ulaştı

#BTC

The rebound reaction has occurred, which means the winning rate has been achieved. You can set risk-free = break-even.

The support area has built a bullish head and shoulders structure. I have reduced my holdings by 50% at 107773.