wolf_king888

📊#BTC Weekly Key Levels⚠️ 🧠From a structural perspective, we are approaching the key weekly support level around 74508, which is also an ideal target area for a bearish structure. Therefore, if the price reaches this level directly, we can confidently enter the market. ➡️The recent resistance level is around 93000. If we break through the turning point of 93160 first, we might look for long trading opportunities after a pullback. ⚠️It's nearing the end of the month, so let's be patient. ☕️ 🤜If you like my analysis, please like💖 and share💬 BTCUSDT

📊#BTC Reaches Support Zone✔️ 🧠As expected, the market has experienced a deep pullback, and we have now reached the yellow support zone. Therefore, we should be cautious of a potential rebound. If we want to reverse the downtrend, we need to build a bullish structure within this support zone! 🤜If you like my analysis, please like💖 and share💬 BTCUSDT.P

📊#BTC Testing Weekly Upward Channel✔️ 🧠The overall uptrend remains intact. We are currently testing the weekly upward channel. If we can find support here, we might see a new breakout. ➡️We currently hold a 30% spot position here. If we fail to find support here, the next support level to watch is around 74508. Let's see 👀 🤜If you like my analysis, please like 💖 and share 💬 BTCUSDT

📊#BTC Reaches Support Zone✔️ 🧠In the previous post, we discussed the need to be wary of the "sell the news" effect after the release of interest rate cut expectations! As expected, the market experienced a significant pullback, testing the two support levels I was watching (109000, 106621). The rebounds after touching these support levels have already occurred, indicating a significant success rate. ➡️From a structural perspective, it's reasonable that we broke below the bullish defense point (106621) and then experienced a sharp rebound after capturing the bullish liquidity there. However, this also implies the emergence of expectations for a medium-term correction, so we should be wary of a deeper correction. New bullish expectations will only emerge after we patiently wait for a breakout above the gray S/R level. ➡️Currently, our long positions have locked in major profits. Shorting opportunities will need to be sought after a further price rebound. Let's see 👀 🤜If you like my analysis, please like 💖 and share 💬 BTCUSDT.P

📊How should we respond to the FOMC? 🧠Yesterday, we failed to break through the gray resistance zone (S/R), instead forming a double-top bearish structure in this area. Therefore, our long position opened at the 4-hour neckline support has already hit our cost price and been closed. After a pullback, it tested the 1-hour neckline support and the black descending trendline, and a rebound occurred, but we didn't see a strong upward move, so we closed our long position here as well. ➡️The expectation of a rate cut has already been priced in during the upward movement, so we should be wary of (sell the news)! ➡️If we cannot hold the current support, then we need to be wary of a deeper pullback. The next support level to watch is around 109000, and the extreme support level to watch is the bulls' defense point (106621). Let's see 👀 🤜If you like my analysis, please like 💖 and share 💬 BTCUSDT.P

📊Where is #BTC support? 🧠From a structural perspective, it's reasonable to see resistance at the gray S/R resistance zone and a pullback. However, bullish patterns are present on the long-term charts and on both the 1-hour and 4-hour charts, with targets yet to be reached. Therefore, we should seek support to enter a long trade. ➡️We are currently testing the 4-hour neckline support, which is considered aggressive. ➡️More robust support is near the intersection of the 1-hour neckline and the black descending trendline S/R. Let's see 👀 🤜If you like my analysis, please like 💖 and share 💬 BTCUSDT.P#BTC USDT.P Crossing 115050 🎯TP1✔️ 🔒Lock in 50% profits💰 ➡️SL moves to breakeven⚖️

📊Can #BTC continue to rise? 🧠From a structural perspective, the long-term trend remains bullish, so any upward movement is justified! Based on the current structure, we've broken through the blue downtrend resistance line and are poised to test last week's high of 115,867. This doesn't make it suitable for short trades, but the profit-loss ratio for chasing gains isn't ideal either, so for now, we can only remain patient and wait for new trading opportunities! ➡️If the price reaches the overlapping resistance zone tomorrow, we can look for short scalping opportunities. ➡️If the price pulls back instead of rising tomorrow, we'll need to look for long trades at lower levels. ⚠️Note that there's a chance the price will continue to challenge the ATH, so shorting is considered counter-trend trading, so please ensure proper risk management. 🤜If you like my analysis, please like 💖 and share 💬 BTCUSDT.P

📊 #BTC retests support at 104,000. Can it hold? 🧠From a structural perspective, the pullback after reaching our ideal red target zone makes sense. After the October 11th crash, market liquidity suffered a devastating blow, so we're likely to see some period of sideways consolidation. Therefore, we continued to reduce our holdings after hitting our short defensive point, locking in a total of 80% profit. Our long position has now been closed at our cost price. ➡️This is the third time we've tested support near 107,400. The more times it's tested, the weaker the support becomes. However, don't chase shorts near this support level. Even if you do short, wait for a break below this support level and a rebound before considering a short position. ➡️If the decline continues, support near 105,188 or the solid support at 103,588 (where we last entered a long position) is worth watching. Let's see 👀 🤜If you like my analysis, please like 💖 and share 💬 BTCUSDT.P#BTC Update We quickly recovered after breaking below support at 107,400, and the hourly close above the gray support area suggests this support level still holds. We're currently testing this support level again, so we've taken another shot at a long position. Let's see if this plays out as expected. 👀

📊 #BTC retests support✔️ 🧠From a structural perspective, we broke out of the divergence zone and retested support near 107,400. While we experienced a pullback as expected, we canceled our short position due to our aggressive short position yesterday. ➡️However, we entered a new long position at support near 107,400. The upward trend is currently positive, and we are attacking the short position. Hopefully, we'll succeed! Let's see 👀 🤜If you like my analysis, please like 💖 and share 💬 BTCUSDT.P

📊#BTC reaches the divergence zone✔️ 🧠From a structural perspective, we rebounded from the overlapping support zone at 103588 and continued the bullish trend, gaining over $8,000. We've now reached a critical level where bulls and bears are battling. Since we've already seen strong returns and a pullback is possible, we've closed our long position. ➡️If the price can pull back to and stabilize near the rising trend support line today, we might consider looking for some long positions. There's a desirable red target zone to reach above. ➡️If there's no pullback and we directly attack the bearish defense, we can use a small position to look for some shorts. ⚠️Note: Both ups and downs in the divergence zone are normal. Only after breaking out of this zone can we find suitable trading opportunities. Don't forget risk management! 🤜If you like my analysis, please like 💖 and share 💬 BTCUSDT.P#BTC close position Currently, the price is near the cost price and it has not fallen any further. The buying volume has increased, and our defense point is relatively aggressive and easy to be swept. Let's look for new short trades in the red target area.