BTC Breaks Key Resistance –Pullback Your Last Chance to Enter!?

4月21日

To start today's analysis, it's best to look at the Bitcoin(BTCUSDT) analysis I shared with you on April 10, which can give us good insight and has performed well so far.👇

Bitcoin seems to have finally managed to break through Important Resistance lines as well as the Resistance zone ($86,500-$85,150). The break volume is also high and could be a good sign for the continuation of the upward trend.

According to Elliott Wave theory, with the breaking of important resistance lines, we should wait for the next 5 impulsive waves, which I will try to analyze step by step in this idea and future ideas.

I expect Bitcoin to attack the Heavy Resistance zone ($95,000-$88,500) for the first time after the pullback to the broken Resistance zone ($86,500-$85,150) (it is better to enter a long position on the pullback). Basically, assets can NOT break such heavy zones for the first time. (With very good news, it may break for the first time).

Cumulative Long Liquidation Leverage: $86,022-$85,539

Cumulative Short Liquidation Leverage: $89,340-$88,000 = Important

Do you think the main uptrend has resumed or will Bitcoin correct again?

Note: The pullback is likely to start from the third point of contact with the Resistance lines.

Note: If Bitcoin falls below $85,100, it seems we should expect further declines.

Please respect each other's ideas and express them politely if you agree or disagree.

Bitcoin Analyze (BTCUSDT), 1-hour time frame.

Be sure to follow the updated ideas.

Do not forget to put a Stop loss for your positions (For every position you want to open).

Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.

Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.

4月21日

交易進行

Trade was activated after the Pullback, Also, the short position hit the target.

4月22日

交易結束：目標達成

Long Position = Target Done

4月22日

註釋

Full Target Done