#BTC Ascending Triangle Failed
2025-01-27
Category: None

📊#BTC Ascending Triangle Failed❌

🧠From the perspective of the chart, we broke below the low (L), so the expectation of the ascending triangle failed. Since we chose to break down, if we want to participate in long trades, we need to find a suitable participation opportunity in the support area at a lower level.

➡️Currently in the buy zone, the risk of chasing shorts is too high. If there is a good rebound, you can pay attention to the resistance effect of the lower edge of the triangle and the blue resistance zone to participate in short trades.

➡️If the green buy zone does not rebound but directly breaks the inflection point (99501), you can pay attention to the support effect of the support line (97042)

Let's see👀

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