📊#BTC Ascending Triangle Fails, What Will Happen Next❓

4 בינו׳

➡️Since I locked all BTC spot profits at 42,000, subsequent transactions have been mainly short-term futures transactions.
Because it is very likely that significant adjustments will occur after the mid-term goals are achieved. I have said this in previous posts. Fans who have been following me for a long time should have seen this point of view.✔️

➡️At present, BTC is still adjusting at the hourly level, and the adjustment at the daily level has not been completed. Because there are expectations of substantial adjustments, our recent trading style has been mainly conservative. This is also the reason why we chose to close the position after completing the TP zone instead of continuing to expect higher targets.✔️

🧠From the chart, we can find that there are two ascending triangles, but the adjustment periods corresponding to each other are different, so the corresponding levels are also different. This means that there is a big difference in the intensity of the rise. It is enough to show that the higher we go, the more resistance we will encounter. After yesterday's huge dump, our bull defense point was broken and therefore the ascending triangle failed. The current rise is just a rebound after sweeping the liquidity pool, so we cannot be too optimistic. The bulls' defensive point is destroyed, which means that the previous low will most likely be broken. Therefore, if we want to go long, we should wait for the previous low to be broken before looking for buying opportunities. If we want to go short, we should wait until the price breaks through the previous high again or reaches near the TP zone before looking for opportunities to intervene.

Let’s see 👀
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