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