Crypto Market Disturbance Night: Is Trump Out!?
Last night, Bitcoin plummeted to 102,000, and countless leveraged traders were liquidated.
Technical Signals
- The four-hour Bollinger lower band at 102,000 has not been broken, a typical bear trap, which has historically rebounded after three piercing spikes.
- Hourly price is oscillating upwards, Bollinger bands are expanding, and breaking the 104,500 resistance level may welcome a bull attack.
Morning Strategy
$BTC : 102,900-102,000 long, target 104,500, stop loss 102,200.
$ETH : 2,390-2,410 long, target 2,500, stop loss 2,340.
Suggestions:
Allocate 20% of funds in batches, placing one order at 103,000 and another at 102,800.
Sell 50% at 104,000, sell 30% at 104,500, and hold the remaining 20% for a breakout.
If BTC rebounds less than 103,500, exit within 10 minutes.
At this moment, bottom fishing should be accompanied by a stop loss as the turmoil continues to worsen, and it's uncertain what negative news may come next.
