Night of Panic in the Crypto World: Is Trump Out?!
Last night, Bitcoin plummeted to 102,000, and countless leveraged positions were liquidated.
Technical Signals
- The four-hour Bollinger lower band at 102,000 was not broken, a typical bear trap, historically rebounding after three spikes.
- Hourly price is oscillating upward, the Bollinger bands are expanding, breaking the 104,500 resistance may lead to a bullish attack.
Morning Strategy
$BTC: 102,900-102,000 buy, target 104,500, stop loss 102,200.
$ETH: 2,390-2,410 buy, target 2,500, stop loss 2,340.
Suggestions:
20% of funds to be deployed in batches, place one order at 103,000 and another at 102,800.
Sell 50% at 104,000, sell 30% at 104,500, keep 20% for a breakout.
If BTC rebounds below 103,500, exit within 10 minutes.
At this time, bottom-fishing should be done with stop losses, as the turmoil continues to worsen, and it’s uncertain what the next negative news will be.
