Hello everyone.
After adjusting down to the 98k range, BTC has surged to the 105k range in the past 48 hours and the upward trend continues. This has created momentum for Altcoins to rebound strongly. SPOT investors who bought at the lowest point are making profits ranging from 20-70%. The question arises: will BTC continue to rise or return to the sideways range? From my personal perspective, I have a few opinions:
1. This phase is quite sensitive, good and bad news will alternate, thus the fluctuation range of BTC is quite large. To strongly surge past 110k, there must be very good news (which is very difficult, at least in the next 72 hours), the downward trend below 100k is still present.
2. Trading strategy:
Spot: Gradually take profits if you have made over 20%, and take advantage of declines to accumulate again.
Future:
Currently, in the last 24 hours, the upward trend is common, so Long orders are prioritized; however, reversals can easily occur, so always adhere to the principle of setting a stop-loss (SL), use low leverage below 15x. Currently, it is only suitable to trade SW on the 15-minute and 1-hour frames, not suitable for medium and long-term trading.
Note: When BTC surpasses 108k or drops below 100k, close the orders to avoid losses and monitor, minimizing FOMO as much as possible.