📊#BTC reaches phased resistance zone⚠️

25 mai 2024

🧠We rebounded after reaching the phased buying zone. At present, all the goals of the bullish structure of the small double bottom have been achieved, and there is an expectation of a callback. In addition, the response to touching the downward trend line is good, indicating that it has a strong support and resistance effect. The neckline is also considered an important resistance line, so we come to the multiple resistance zone. Only if we break out of this range will we see a strong move higher.‼️

➡️From a wave theory perspective, Wave 5 has not yet occurred, so there is an expectation of further declines.📉

Don’t forget risk management💯
✔️Trade safe✔️
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BTCUSDT.P

25 mai 2024

Note

The overlapping resistance zone was broken, and short-term downward expectations were invalidated.