5.5 Monday Morning Bitcoin Trading Strategy

Recently, the strategy for short positions has been remarkably accurate, consistently allowing for significant gains. Last night, Bitcoin continued to test downward but failed to break below the 95,000 point level; it seems likely to test the support below multiple times.

From the 1-hour candlestick chart of Bitcoin, the price has moved directly above the middle band of the Bollinger Bands. The trend in the short term appears to be a rebound, but the strength of the rebound is not substantial, stalling around 95,600, making it difficult to rise further. It has been oscillating within a range. However, Bitcoin has just dropped and is testing the 95,000 support.

The morning trading strategy remains focused on short positions.

Trading Suggestions

Short Bitcoin between 95,800 and 96,300, targeting 94,000; if broken, continue to look down to 93,000. $BTC $ETH $XRP #MichaelSaylor暗示增持BTC #非农就业数据来袭 #加密市场反弹 #币安Alpha上新 #比特币战略储备