BTC Market:
Market Review:
The market has been relatively strong these past few days, and due to market manipulation, most users are in a bearish attitude. In such market conditions, it is not suitable to engage in medium to long-term operations, but rather to focus on short-term trades within a few hundred points. After today's market situation, there hasn't been a significant drop in overall price indicators, which suggests that the bears are relatively weak, and there is a greater expectation for prices to break through the high demand of 10000.
Market Technicals:
From the main chart indicators and K-line patterns, we can see that there is significant selling pressure at the 107000 level, indicating a strong position. The daily price chart has not shown multiple tests of the bottom, highlighting the importance of a potential surge to 106000. Thus, at a larger scale, we need to observe the current point of 105000 with a single BTC of 1207.
For large trades: Go long at the 104000-104500 range, with a risk control of 600, and target 106500- secondly 107800, then reconsider whether to short at this position.
Director Dong has been engaged in cryptocurrency market trading for a long time. For friends who are still somewhat confused about trading, it might be helpful to watch the teacher's strategies and videos. Real-time guidance is available all day. If you're struggling with short-term trades or have an unsatisfactory grasp of medium-term trades, you can follow me on Weibo: Director Dong’s Cryptocurrency Real-time Insights. Everyone is welcome to like and follow #加密市场反弹 #Strategy增持比特币 $BTC .