$BTC
Yesterday 🐶 Dog House experienced a false breakout ➡️ false drop back ➡️ true breakout, this method is commonly used and has proven effective repeatedly.
🐶 They will knock out your stop loss after you chase, many people should have placed breakout orders yesterday, either setting breakeven around 108800 after the breakout or setting stop loss around 108500, both would get knocked out.
✅ The only way to respond is by trial and error, because after most people get knocked out, they dare not chase again. The plan is to chase after a breakout, so just continue to follow the plan and chase again after the next breakout; after 2 days of not opening a position, I finally made a profit.
✅ How to view the market next?
RSI has fully entered the overbought area, so a pullback is normal. As long as Bitcoin does not fall below 109000, it is safe. It should oscillate in the range of 109800-112800. That's right, the first resistance is at 112800, the long-term second resistance is 126000, and the third resistance is 135000. Note that these are long-term resistances, so a pullback to 109888 can be a good opportunity to try a small position.