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- 🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
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The main trend is to make a long wick candle, with Bitcoin experiencing a long wick candle dip and rebound. It dipped to the 10.7 level twice but did not break down; otherwise, it would have collapsed directly. However, the upper resistance at 110,000 remains strong.
The posture shows an initial fall, directly reaching our first expected level near 4200. However, according to the momentum of the posture, the fall quickly rebounds as well. Support continues to move down, and resistance is also continually moving down, with the posture driving the entire variety downward.
In this downward trend, the situation created is that the target is reached, but you don't have a chance to get on board, so sometimes you should be aggressive and go with the trend.
Daily Bitcoin: Around 100,800-110,000, posture: Around 4,220-4,375, maintain high short and low long. #BTC#