6.9 BTC Intraday Strategy: Did the Surge Not Continue? A Single Word for the Pullback: Wait! 🚨
Brothers, don't get too excited, let me give you a piece of advice:
On June 7th, we mentioned that the direction for BTC is indeed upwards, but where is the ideal starting point for this wave? 102148-103939, that's where it should take off!
So what happened? It didn't give you a chance and directly surged to 106189, crashing through the wall! Now looking at it—insufficient momentum, no follow-through, and a top divergence is hanging on, the hourly chart is struggling to breathe!
So now is not the time to chase after long positions recklessly, but rather to honestly wait for a pullback—in the 103918-104599 range!
A car that surges too aggressively also needs to stop at a gas station, or it can easily flip over.
Now the strategy is very simple:
If it surges up again without strength? Then short sellers can consider getting in for a wave, targeting 105540, 105099.
If it really drops back? Long positions can accumulate power to enter, don’t be afraid to catch the falling knife, targets 105218, 106488 are waiting for you!
How to set stop losses? I’ve written this for you:
Short position stop loss: 106488
Long position stop loss: 103400
Now is not the time to gamble on size, it's about waiting for the right moment! What needs to drop must drop, and don’t force it if it shouldn't rise!
Don't let the market teach you a lesson, understand the rhythm before making a move!
For those currently confused and losing in trades, follow Old Mo’s footsteps and feast on the profits!!!
