7.23 Big Pie Mid-Line Trading Strategy
BTC market enters the expanding triangle phase, with intense emotional hedging and structure seeking direction amidst expansion.
Recently, prices have been tugging back and forth between the upward resistance line and the downward support line, reflecting increased short-term market volatility, an uncertain trend, and oscillating long and short positions with extremely unstable emotions.
This type of structure often indicates that a major direction has yet to be chosen, but there is considerable room for short-term operations. The main players are repeatedly harvesting without setting stop losses in chasing highs and selling lows, while smart capital has been repeatedly positioning itself at both ends.
In terms of operations:
The upper resistance levels are around 121000 and 122000, and one can go short when approaching resistance;
The lower support levels are around 116300 and 115000, and one can go long if it retraces without breaking.
Currently, hesitation is most undesirable; when the trend is unclear, one should act around the range, making money on volatility without fantasizing about a one-sided move.
