"Jack's Trading Classroom" BTCUSD Brief Update

Currently, we are looking at the one-hour candlestick chart of Bitcoin, with the price falling earlier, seen as a pullback to the Vegas channel EMA144, 169 (yellow and orange lines in the chart).

Currently, we are seeing the one-hour candlestick chart of Bitcoin, with the price falling slightly earlier, considered a pullback to the Vegas channel EMA144 and EMA169 yellow and orange moving averages on the chart.

If the price closes above the filter line EMA12 black moving average on the chart, set the low point as a stop loss to attempt a long position, until a smaller cycle shows a top formation for profit-taking.

Resistance levels above:
R1 13409.0
R2 13636.5

Support levels below:
S1 13106.5
S2 12220.5
S3 11936.0
S4 11744.5
S5 11330.0

In recent days, the digital currency market has experienced significant volatility. It is recommended that operators strictly implement risk control measures and avoid high leverage and high contract volume operations to prevent additional losses caused by volatile market conditions. This article reflects personal opinions, please read with caution, as cryptocurrency trading may pose risks to your capital.

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