The Bitcoin daily chart has been oscillating within the range of a box for 7 days. Currently, it is important to closely monitor whether the price can achieve a breakout or breakdown of the box.
The key resistance level above focuses on around 95,500, while the support level below is around 92,000. It is expected that the market will soon break the box pattern.
The trading strategy is as follows: for short-term trading, when the price approaches 95,000, consider placing a short position; if it touches around 92,000, then attempt to go long.
Be sure to set strict take-profit and stop-loss orders to control risk.
For dollar-cost averaging, when the price falls back to around 92,500, you can start the first investment. Subsequently, execute orders based on the established dollar-cost averaging strategy and operational details.
