Morning Market Analysis and Trading Strategy
This morning, the market experienced a significant surge, with bulls currently holding a clear advantage. However, the more one-sided the upward trend, the more one must remain rational and avoid blindly chasing prices. It is recommended to initially attempt to position short trades at high levels in the morning to seize opportunities for price pullbacks.
From a daily perspective, the candlestick chart has recorded several consecutive days of small bullish candles, with the medium-term moving average (the middle band of the Bollinger Bands) providing strong support. Bearish forces have not been able to effectively continue, which fully confirms the stability of the buying support below. Switching to the 4-hour cycle, the Bollinger Bands are continuously narrowing, indicating a decrease in market volatility. If an effective breakout cannot be achieved in the short term, it is highly likely to fall into a range-bound fluctuation.
Specific trading suggestions: Position light short trades near 97000-97500 for Bitcoin, with a target at 95000, and be sure to set reasonable stop-losses to control trading risk. #加密市场回调
This morning, the market experienced a significant surge, with bulls currently holding a clear advantage. However, the more one-sided the upward trend, the more one must remain rational and avoid blindly chasing prices. It is recommended to initially attempt to position short trades at high levels in the morning to seize opportunities for price pullbacks.
From a daily perspective, the candlestick chart has recorded several consecutive days of small bullish candles, with the medium-term moving average (the middle band of the Bollinger Bands) providing strong support. Bearish forces have not been able to effectively continue, which fully confirms the stability of the buying support below. Switching to the 4-hour cycle, the Bollinger Bands are continuously narrowing, indicating a decrease in market volatility. If an effective breakout cannot be achieved in the short term, it is highly likely to fall into a range-bound fluctuation.
Specific trading suggestions: Position light short trades near 97000-97500 for Bitcoin, with a target at 95000, and be sure to set reasonable stop-losses to control trading risk. #加密市场回调
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