Wednesday's Strategy for Bitcoin on the 5.7

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

After the Bitcoin price corrected to 93500 intraday, it climbed again to the 97500 mark. Hongshen also stumbled, choosing to go short at the 94500 level. It was mentioned earlier that a winning streak would eventually break, because no one can be a constant winner. This streak ended at the 23rd trade, which is quite regrettable. I am still holding my short position and chose to add to my position at the 97400 level. I plan to set my stop loss at 98100. Considering the interest rate cut factors, the next surge will definitely aim for the 100000 mark, which will also be the last bull period for Bitcoin in this cycle.

Currently, the BTC market shows a daily level of reinforced support and a 4-hour level of resistance in a box consolidation pattern. The technical signal chain indicates a fierce tug-of-war between bulls and bears within the 95000-98000 range: the daily level has consistently produced small bullish candles with long lower shadows, accompanied by a moderate increase in open interest (with 45% of contracts being long positions), indicating active bullish support in the 95500-96000 area. However, the shrinking rebound (with a 15% decrease in volume compared to the previous day's decline) suggests insufficient rebound momentum. At the 4-hour level, there are three consecutive bullish candles interwoven with upper and lower shadows, with the Bollinger Bands contracting to the 95000-98500 range and the middle line flattening, verifying that the market is entering a critical point of change. The 98000 line serves as a key resistance level, having historically resisted rebounds three times, so it is essential to pay close attention to volume breakthrough signals.

Daytime Trading Suggestions

Go short near 97500, targeting 96500. If it breaks, look for 95500, with a stop loss at 98100. If Bitcoin holds steady at the 96500 level, then a long position can be taken directly, targeting 98000#美国众议院市场结构讨论草案 #币安LaunchpoolSXT #加密市场回调 #BTC #ETH .