#BTC Update

We successfully tested last week's high of 115,867 and saw a corresponding pullback, indicating a short scalping opportunity has materialized.

However, today's price didn't directly reach the overlapping resistance zone, so we can only participate in short trades if we find a short structure within the same timeframe (if there's no such opportunity, we'll just have to remain patient).

Alternatively, we can wait for the price to flip above the S/R ratio and reach the next overlapping resistance zone around 120,000 before looking for short trading opportunities.

As for long trading opportunities, since no suitable pullback has occurred, we can only wait.

📊Can #BTC continue to rise?

🧠From a structural perspective, the long-term trend remains bullish, so any upward movement is justified! Based on the current structure, we've broken through the blue downtrend resistance line and are poised to test last week's high of 115,867. This doesn't make it suitable for short trades, but the profit-loss ratio for chasing gains isn't ideal either, so for now, we can only remain patient and wait for new trading opportunities!

➡️If the price reaches the overlapping resistance zone tomorrow, we can look for short scalping opportunities.

➡️If the price pulls back instead of rising tomorrow, we'll need to look for long trades at lower levels.

⚠️Note that there's a chance the price will continue to challenge the ATH, so shorting is considered counter-trend trading, so please ensure proper risk management.

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#Wolf_king88 $BTC
{future}(BTCUSDT)