๐ฏ Today's Bitcoin Trading Strategy
1. Trend Following
Current price is approaching the upper range of the day. If it breaks through $118,342 and holds above, consider going long in line with the trend, targeting previous highs around $119,500โ$120,000. Set a stop loss 1โ2% below the breakout point, approximately $116,900โ$117,100.
2. Range Trading Strategy
If the price continues to consolidate within $117,476โ$118,342, consider buying in batches near the lower boundary and selling near the upper boundary, setting a small stop loss for hedging, suitable for casual traders.
3. Intraday Scalping
Utilize high-frequency small fluctuations to conduct short-term trading within a ยฑ1% range on 30-minute intervals, focusing on the thickness of buy and sell orders and transaction speed, aiming for a profit of 0.3โ0.5% per trade, with stop loss strictly controlled within 0.5%.
4. Incorporating Market Driving Factors
Recent institutional holdings and ETF inflows have significantly driven the trend. If upcoming market data or policy statements are positive, following the trend will amplify profits; if there are policy changes or macro risks, adjust the strategy while paying attention to changes in derivatives holdings or capital flow trends.
5. Risk Control and Position Management
It is recommended to control the risk of a single trade to 1โ2% of total funds, maintaining reasonable positions and avoiding excessive leverage. If a breakout becomes distorted, immediately stop loss or hedge.
With this set of strategies, one can balance trend breaks, range arbitrage, and fine short-term operations in the current volatile market conditions, enhancing the trading win rate. $BTC