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#BTC reaches the red target zone

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๐Ÿ“Š#BTC reaches the red target zoneโœ”๏ธ

๐Ÿง From a structural perspective, the goals of the long structure we built in the blue resistance zone have been fully achieved, so we need to be vigilant against the occurrence of a pullback, and do not chase the rise in the sell zone! We should look for short opportunities in the sell zone.

โžก๏ธThe concerns in the previous post still exist, because this week is not over yet, we need to observe whether the closing price of the weekly candlestick chart can stabilize above the blue resistance zone. Only when it stabilizes above the resistance zone, the blue resistance zone will turn into a support zone. Then look for long trading opportunities in the support zone.

โš ๏ธNote that if we set a new record high, we also need to wait patiently for a pullback to appear before participating in a new long trade.

๐ŸคœIf you like my analysis, please like ๐Ÿ’– and share ๐Ÿ’ฌ BTCUSDT.P
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#BTC Update:

We are still in the red target zone. Because I pursued a high profit-loss ratio, my short order was closed after the stop loss was moved down, with a small loss.

If you want to participate in short trading now, you need to observe the emergence of new short-selling expectations before you can participate. For example, if there is a rebound opportunity after breaking the inflection point 103276, you can try to participate in some short trading. Otherwise, continue to be patient.

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