#币安HODLer空投SAHARA #TradersLeague
6.25 Morning Market Overview: Have you followed the BTC long position?
The Bitcoin chart closed this morning with a lower shadow and a bullish candlestick, continuing the daily bullish trend. Is it a high short or low long?
The 4H Bitcoin has stabilized above 10.51. As mentioned yesterday morning, if it retraces without breaking below 10.51 or breaks and then pulls back above, we can enter long positions accordingly. The T1 target is 10.63, with a stop-loss at T2 aimed at 10.68, yielding a profit of 1000 points.
The 4H Bitcoin is in a descending channel. If the 10.63 descending trend line is broken, we can chase the long position with T1 profits, targeting the same 10.68, and setting a stop-loss below. Conversely, the 4H trend line and 10.63 position resonate, with 10.63 also being a resistance level, so we can wait for a false breakout before entering a short position, defending at 10.68, with targets at 10.51 and 10.36.
In the 4H high level, we determine the trading direction, then choose between 15M and 1H to decide whether to trade intraday short or overnight positions. Confirming the direction is crucial; if trading intraday, look for entry and exit points on the 15M chart, while for overnight, find entry points on the 1-4H charts. It is also necessary to set stop-losses, as capital is everything.
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