BTC has once again built a strong double bottom structural support in the 82000-81000 zone. BTC is likely to continue to rise. Once it breaks through the short-term resistance area near 83600, BTC may usher in a wave of accelerated rise and has the potential to continue to the 85000-86000 zone.
So we can still go long on BTC in the 82500-81500 zone. In addition, once BTC rises as expected, it is likely to grab the market share of gold, so it may also accelerate the decline of gold to a certain extent. This is a point we must be careful about next.
The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
So we can still go long on BTC in the 82500-81500 zone. In addition, once BTC rises as expected, it is likely to grab the market share of gold, so it may also accelerate the decline of gold to a certain extent. This is a point we must be careful about next.
The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
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After BTC effectively falls back to around 82000-81500, a head and shoulders bottom pattern will be seen at the technical level, and BTC will turn into a clear bullish pattern. After BTC falls back to this area, we can still boldly go long on BTC.The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.