๐ง Although we have a big negative line at the weekly close, a single K line cannot change the overall bullish trend. And even if it is going to fall, it will not happen overnight, there will always be a process. Currently, we are still within the hourly adjustment range. After completing the short target and sweeping the liquidity pool below, a smiling bullish structure has been formed, and we are expected to rebound to the resistance zone.โ๏ธ
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๐ง We reduced our holdings after completing TP2, and started a downward adjustment after breaking through the short defense point. In the subsequent development, I found a potential double top bearish structure, so I recommend that everyone close their positions and leave the market. At present, the double-top bearish structure has been established. Combined with the fact that we fell below the bull defense point during the previous decline, we have expectations of a decline. In addition, combined with the adjustment expectations of the daily level, in the medium term, there is a high probability that it will bias In the short direction. ๐
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๐#BTC may fall based on the double top short structure๐
๐ง We reduced our holdings after completing TP2, and started a downward adjustment after breaking through the short defense point. In the subsequent development, I found a potential double top bearish structure, so I recommend that everyone close their positions and leave the market. At present, the double-top bearish structure has been established. Combined with the fact that we fell below the bull defense point during the previous decline, we have expectations of a decline. In addition, combined with the adjustment expectations of the daily level, in the medium term, there is a high probability that it will bias In the short direction. ๐
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