"Jack's Trading Classroom: BTCUSD Short-term Resistance Trendline Breakthrough"

Original trading classroom by Jack, "BTCUSD Short-Term Resistance Trendline Breakthrough"

Currently, we see the 4-hour candlestick chart of BTCUSD. Within the chart, we can observe that the 4-hour downtrend line of Bitcoin has been broken, indicating a potential short-term upward movement in the future.

In our technical analysis "BTCUSD Outlook After Breaking the Uptrend" published on May 25, 2020, it was noted that the previously mentioned uptrend line had also been broken. The upper range still remains unbroken at the 4-hour peak of 9300.0, suggesting an overall oscillating downward trend.

We recommend focusing on long-term short positions, or entering the market based on short-term support and resistance breakthroughs.

Resistance levels:
R1 9170.0
R2 9419.0
R3 9695.0

Support levels:
S1 8862.0
S2 7736.0

In recent days, the digital currency market has experienced significant volatility. We advise operators to strictly adhere to risk management and avoid high leverage and high contract volume operations to prevent additional losses caused by volatile market conditions. This article reflects personal opinions, please exercise caution when considering, as cryptocurrency trading may pose risks to your capital.

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Personal Website: jackbtc.io