#BTC reaches the buy zone

26 Okt

📊#BTC reaches the buy zone✔️

🧠From a structural perspective, the ideal target area of ​​the small double top structure has been fully achieved, so it is very reasonable to have a strong rebound, but unfortunately, it was only $100 away from our second entry point and was not triggered, so we missed this rising wave. You can check it in the previous post. I marked the price on the chart. If you bought when the price touched the green buy zone, then the profit return now is sufficient. You can lock in the main profit and then look forward to more. In this way, even if the price falls again, you will not be troubled by profit retracement.

➡️From the current structure, we have two expectations. One is that we will continue to rise after stabilizing from the neckline support area and build a bullish cup-handle structure. The other is to build a large double top structure after breaking the neckline support area and enter a deeper adjustment stage.

➡️In general, the market is not very clear at present. We need more patience to observe. Don’t guess too much about how the market will develop. Just wait patiently for market signals to appear and make corresponding transactions.

Let's see👀

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