5.5 Monday Evening Bitcoin Trading Strategy

The market is moving relatively slowly now, and the fans have been notified of everything that needed to be communicated. Let's take this free time to discuss the recent trading strategy for Bitcoin. As you can see from today’s movements and the recent trends, it’s clearly a step-by-step declining pattern. This trend is falling slowly, but each time it reaches a key support level, it gives the impression of wanting to make a strong drop. However, it bounces back each time, and sometimes the rebounds can even lead to a small upward surge.

One point to mention is that 97800 should currently be seen as the new high, and from here, it will likely step down gradually; the major trend to keep in mind is the bearish trend.

Tonight's key factor is whether Bitcoin can break above the 95000 point when the US stock market opens. I have been watching the afternoon's rise closely, thinking it would give some strength to push upward, but unexpectedly, it didn't even test 95000. This was a bit beyond my expectations.

When placing trades, don't go too heavy; trade lightly. As long as it can break above 95000 tonight, you can trade short confidently. Finally, if you make a profit on long positions, you can set a stop-loss to protect your capital.

Another thing is regarding the brother's car purchase. It’s basically been confirmed what car is going to be bought; everyone can guess in the comments. There’s no reward for guessing correctly. $BTC $ETH $XRP #Strategy增持比特币 #比特币战略储备 #加密市场回调 #非农就业数据来袭 #币安Alpha上新