April 27th Zhou Tianhong's Trading Thoughts:
This week I have been dealing with some matters and have not updated my dynamics. I have also been paying attention to the recent trend, which peaked at around 958 and then began to fluctuate. In the past two days, it has been oscillating in the 938-955 range. Based on the current trend, before breaking through 958, I would consider taking a short position first. On the downside, I will focus on the support at 938; only if this level is broken will there be a valid continuation of the decline. So if we break below 938, where do we look next?
If we break below 938, we need to pay attention to the 915-922 range. If there is no continuation of the bearish trend here and it doesn't keep falling, then we could see another rise. Therefore, in trading, one could consider shorting near 95 while keeping an eye on the support at 938. If it breaks, we aim for 915-922. The stop should be placed at the new high. If there is no breakthrough of the support, then we can take a bullish position with a 500-point stop!
I will be updating normally moving forward, live streaming every night at 9 PM. Thank you all for your long-term support and attention! $BTC #特朗普暂停新关税