Bitcoin can reach resistance area and then start to decline

7月8日

Hello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some time traded in the seller zone and then broke the 63800 level, after which fell to the current resistance level. After this, the price started to trades inside the range, where it rebounded from the 59100 level and in a short time rose to the 63800 level, but then it turned around and started to decline. The price quickly fell to the current resistance level, broke it, thereby exiting from the range also, and continued to fall. When BTC declined to 53500 points, it turned around and started to grow inside the upward channel, where it in a short time rose to the resistance line of the channel. After this movement, the price rebounded and made a correction to the support line, after which BTC bounced and recently rose almost to the resistance area, which coincided with the current resistance level. In my opinion, the price can reach the resistance area, after which Bitcoin will turn around and start to decline to support line of the channel. For this case, I set my TP at 54750 points, which coincided with this line. Please share this idea with your friends and click Boost 🚀

7月9日

注释

BTC almost reached my TP, but soon turned around and started to grow to a resistance area. So, I think the price can reach this area and then rebound down to my TP again

7月10日

注释

Ok, the price reached the resistance area, and even rose a little higher reached the resistance line of the channel, and then turned around and started to decline. In my opinion, BTC can continue to decline to my TP