June 16 BTC Trading Strategy (Serialized Update)

Yesterday was a rare opportunity to provide a long trading plan; to avoid everyone saying that Lao Yao is a bear, which would be a bad reputation. The weekend showed a wide range of volatility, and I provided a long position at 104500; the target was set at 105500-106500, both target points were achieved, with the highest exceeding 2000 points from the plan!

On the larger time frame, the technical indicators still lean towards a downward trend, which is quite evident. Overall, we still view the upcoming movements as likely to continue downward pressure; the current movement is just a correction.

Today's BTC short-term contract trading strategy: Bitcoin current price in the 106600 area to short, add short positions on rebounds in the 107500 area, target 104500 area, if broken watch the 104000 area $BTC #美国加征关税