BTC is currently running around 118290, experiencing continuous fluctuations, with many people being harvested back and forth,
But I want to say: the real opportunity lies hidden in this kind of 'grinding market'!
Brief summary of market analysis:
The 118200 level is an important mid-axis support on the daily chart. In the past three retracements, there has been a rebound, indicating that the main force is 'intentionally defending the market'.
The upper pressure level is 119938, which has been touched three times without breaking, forming a clear range fluctuation structure in the short term.
MACD dual lines are close together, KDJ is turning up from the bottom → Technically approaching a trend reversal!
Fluctuation strategy, high sell low buy:
On the retracement to 117300-117800, take a light long position, stop loss at 116900.
On the rise to 120000-120500, reduce positions in batches.
Suitable for conservative traders, small profits on each trade, but high error tolerance!
Breakout strategy, follow the trend:
Once effectively breaking above 120500, chase long positions with a target of 122000+
If it falls below 116800, confirm the support has been broken, reverse to short positions targeting the 113500~112000 range.
The market grinds back and forth just to make you 'lose control of your emotions'.
If you can't stand it, want to go all in, want to gamble on direction, it will just happen to go against you!
The ones who really make money are never those who bet correctly on direction,
But those who execute with a system, discipline, and plan!
Recently, a few guys I've been mentoring have been steadily profiting from fluctuations,
With 7 trades in a week, winning 5 trades, and a net account growth of over 15%.
Not in a hurry, but steady; the key is 'unity of knowledge and action'.
If you are currently in a position and don't know whether to exit or add:
This market lacks explosive growth, but what it lacks are signals that can be understood before explosive growth.
Are you ready?
