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BCT Long Position Profited 1200 Points
BTC opened this morning with a small bullish candle with a long lower shadow, indicating a potential small rebound in the market
BTC tested the support zone of 7.94-7.92 multiple times yesterday, repeatedly verifying the support's effectiveness; decisively went long at 7.92, with the first target reaching a profit of 1200 points and exiting, while holding the position for further protection
BTC retraced from the top at 8.26 to find support at 7.92, completing a head and shoulders top correction; could the market see a wave of rebound forming a V-shaped reversal structure?
Resistance zone above is 8.11-8.16, support below is 7.92-7.94; the middle range is the normal upward space for the candlestick, and the trend suggests a small rebound is coming
BTC is forming an ascending triangle, with weekend volume-price divergence, rising without volume, and the V-shaped correction allows for time to repair
If you have no positions, there is an opportunity to retest support at 7.92-7.94, decisively go long, with a stop at 7.8, targeting around 8.04 and 8.14
Set a trap on the left side at 8.16 for a short position, with a stop at 8.26, targeting around 8.06 and 7.94