How to trade in the current market?

In three simple sentences:

1: A sustained breakout above 103 indicates the end of the last segment of the downtrend pattern. A sustained breakout means the downtrend pattern is broken, so holding this position is a reversal signal.

2: A sustained breakout above 104 confirms the previous reversal signal as valid, indicating a confirmed reversal, and signifies that the phase trend has officially shifted from a downtrend to an uptrend.

3: Currently, we are within the range of 104-1065! The Middle East is likely to have peace talks, the Federal Reserve is dovish, and the fundamentals are favorable, so the strategy is simple:

Go long near 1041 with a stop loss below 1036.

Go short near 1065 with a stop loss above 1065.

Often, determining the direction is secondary; what's important is position management and risk control. Tonight, Powell will answer questions on Capitol Hill. If dovish, it will definitely break 1065 tonight! If hawkish, then it's likely to return to around 103 for some fluctuations!

For detailed analysis, see the chart! If you don't understand, feel free to ask in the live stream! $BTC