How is Bitcoin doing tonight? June 20th at 8:30 PM

This afternoon's market was really exciting! Bitcoin suddenly surged from 1 PM to 4 PM, directly reaching 106500, but it couldn't hold and quickly fell back to around 105800. It seems quite stable now, feeling like it wants to push up further.

My observations:

The first target above is around 107500.

If it can strongly break through, the next target looks at 109400.

Now that it has stabilized at 105800, we can consider making a small long position in the range of 105800-105900.

Take profit target around 107300.

If it drops, we can add a position at 104500.

Stop loss can be set at the low point of the last two days, 103300.

A reminder for everyone:

The market has been oscillating between 105000-103300 for the past two days, and today’s sudden surge could be a trap for buyers. Although I am bullish, we must control risk:

Light position trading is the safest.

There is about 1500 points of profit potential above.

Even if we add positions, we won’t be caught in a deep loss.

Remember, the market changes rapidly; it’s better to make less profit than to take big risks with heavy positions!#波段交易策略 #鲍威尔发言