5.5 Monday Morning Bitcoin Trading Strategy

The road to success is not crowded, because there are not many who can persist until the end. When you want to give up, please tell yourself to hold on a little longer, because often it is this little persistence that brings you one step closer to your dreams.

Currently, Bitcoin on the four-hour chart has pierced through the lower Bollinger Band like a kite with a broken string, accompanied by a sudden increase in trading volume, which is often a signal of concentrated bearish pressure. At this point, two things need to be monitored: first, observe whether the lower band continues to slope downward like a slide; second, confirm whether the MACD histogram is becoming increasingly negative. If both resonate, it indicates that the downtrend has entered the 'main down wave', but don't rush to go all in—real opportunities lie in the 'pullback confirmation' stage. Moreover, the current KDJ and RSI indicators are both turning downward and showing a top divergence pattern, indicating that the market has shifted from strong to weak; this phase of correction is inevitable.

Trading Suggestions

Short near 94500

Target 93500, break 93000