$BTC
Midline Trend Analysis
Current Structure Interpretation:
The volume has broken away from the previous range 92800-95700. The combination of the thick solid line and the volume indicates a true breakout. However, the price has reached a dense area of previous highs, which may face selling pressure. Based on different trends, we formulate different response strategies.
Our core idea from yesterday is that as long as it hasn't fallen below 93000, we will continue to be bullish. Both short-term and mid-term strategies have received responses, and we have currently taken profits and are observing with no positions.
On the trend:
Long-term, mid-term, and short-term moving averages are all in a bullish arrangement, with volume-price coordination and a good trend. The next 4-hour level cannot close below 95800; otherwise, a false breakout will continue to turn into fluctuations.
In the case of a confirmed bullish trend, we should primarily maintain a bullish mindset and not easily short against the trend. However, entry must ensure safety and risk-reward ratio, and we should not easily chase highs or cut losses.
Macro perspective:
Today, the People's Bank of China has begun to cut interest rates and has agreed to negotiate tariff issues with the United States, which overall has a positive sentiment towards the market. At 2 a.m., the Federal Reserve will hold a monetary policy meeting, and the market expects no change. The focus will be on Powell's speech, which, based on previous states and economic conditions, is theoretically biased towards dovishness, possibly leading to a wave of market sentiment recovery, with a short-term expectation of reaching 100000.
Operational Strategy:
If you hold long positions at lower levels, you can continue to hold, with a stop loss set at the 4-hour level below 95800;
If you have no positions, wait for a pullback, and establish a position after a consolidation is formed at the 30-minute level, with the same stop loss at the 4-hour level below 95800;
If there is another strong breakout near the previous high of 97600, you can cautiously chase the high, with a stop loss placed below 96800, noting position control and risk control.
#BTC☀️ Short-term Strategy
Current position: breakout and pullback, currently forming fluctuations at the 30-minute level. You can enter a long position around 96000-96400, targeting 98000-99000, with risk control considering a 4-hour level drop below 95000.
The switch for the streetlight is in the comments area Bitcoin 96400!!!
