#BTC reaches support
2024-12-23
Category: None

📊#BTC reaches support✔️

🧠From a structural perspective, the target of the bearish cup-with-handle structure was achieved, so a nice rally was justified, unfortunately it was $282 away from our long entry point. We ultimately failed to break above the resistance zone of 95835-96277, so we tried some shorts and have achieved a nice profit so far.

➡️If we want to reverse this downtrend, we need to build a long structure in the support zone, and the next resistance zone is around 98000-100000.

⚠️If we continue the bearish trend, the next support zone is around 90000-85700.

Let's see👀

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