Bitcoin may reach resistance line and then drop to 83400 level

3月5日

Hello traders, I want share with you my opinion about Bitcoin. A few days ago, Bitcoin entered a descending wedge and began to decline within it. Soon after, the price dropped to the seller zone, which aligned with a resistance level, and eventually broke through. Following this move, BTC quickly fell to the 83400 support level, which coincided with the buyer zone, and even dipped below, breaking through the level. After reaching the wedge’s support line, Bitcoin immediately reversed and started moving upward. In a short time, the price reclaimed the 83400 level, performed a retest, and continued its upward movement. Later, BTC climbed to the resistance level and briefly entered the seller zone, where it consolidated near the wedge’s resistance line before dropping back to the buyer zone, breaking through 93600. Within the buyer zone, the price touched the wedge’s support line before making a strong impulse upward, breaking back above 83400. Currently, BTC is still moving higher, and I anticipate that the price will reach the wedge’s resistance line before reversing downward. Based on this scenario, my target is set at the 83400 support level. Please share this idea with your friends and click Boost 🚀

3月6日

交易進行

Okay! Price reached resistance line of wedge. Now, I'm waiting when it turns around and starts to decline.

3月7日

交易結束：目標達成

GOOD! BTC almost reached my TP. After which it started to grow.