#BTC Downward Channel, where is the support?
2025-02-07
Category: None

📊#BTC Downward Channel, where is the support❓

🧠From a structural point of view, we failed to quickly break through the resistance near 99,000 yesterday and there were signs of exhaustion of bullish power, so I chose to manually close the long position. In the end, the market fell as expected, forming a bearish cup-handle structure, so the support area we need to pay attention to is 91250-93000.

➡️From a graphical point of view, we are currently moving in a downward channel. Only if we quickly break through the resistance near 99,000 and stabilize can we maintain a positive attitude.

Let's see👀

🤜If you like my analysis, please like💖 and share💬
  BITGET:BTCUSDT.P  