The long order at 103500 during the midday session was not filled, and the long order that was supposed to be placed at 8 PM was canceled. Let me discuss Anbo's strategy: the long order at 103500 not allowing us to enter multiple times indicates that this level is not a good entry point. The US market opened and surged to 1046 before retracting to 102345. Therefore, when orders fail to enter multiple times, and each time it is by a few points or dozens of points, it is essential to cancel the orders. When trading, one must respect their own feelings about market risk management. Opportunities arise every day; missing one or two does not matter.

After experiencing a turbulent adjustment yesterday, Bitcoin welcomed a new round of fluctuations in the early morning. Its price first attempted to break through the $105,190 mark but failed due to heavy selling pressure above, subsequently entering a period of oscillating correction. By morning, the price dipped to a low of $103,500 and is currently maintaining a volatile state around that price level. From an overall structural perspective, the Bitcoin market is in a critical phase of range compression. Influenced by the further reduction in market expectations for interest rate cuts, a certain degree of correction appeared on the chart in the morning. On the 4-hour candlestick chart, the upper Bollinger Band shows a clear downward trend, indicating strong resistance above; meanwhile, the middle and lower bands are gradually rising, with both bulls and bears engaging in fierce competition around the central price level. It is worth noting that the coin price has been running between the middle and upper Bollinger Bands for a long time. Although short-term bullish forces hold a slight advantage, the overall market remains in a state of stalemate. Switching to the 1-hour candlestick chart, the characteristics of the oscillating market are more pronounced. The pressure point above continues to suppress the price, while the support point below also shows strong resilience, with bulls and bears alternating in dominance at different times. Given that the current range contraction is not yet complete, it is expected that Bitcoin's price will continue to oscillate within the existing channel until one side's strength breaks this balance.

Long positions for Bitcoin are to be entered around these two positions: 103500–102200, with a stop loss at 101450
#BTC重返10万