The current market's oscillation range is still continuing.
Yesterday in the live stream, I made it clear that I was not worried about the sharp drop last night. It was precisely because I judged that the oscillation was likely to continue that I clearly presented the idea of going long at the current price of 117500 in the live stream.
From the four-hour structure chart, the three consecutive long lower shadow candlesticks have sufficiently shown that the support below is strong, and the upward trend line is not easily broken. However, in terms of the current oscillation situation, a large-scale one-sided market should arrive soon.
Today's day trading idea:
- Continue to look for the oscillation to continue; the overall trend of the market is still positive, expecting a rise first, refreshing the historical high, and then welcoming a significant pullback.
Trading suggestions:
- Go long near 117800 when Bitcoin pulls back
- Go short near 120000 when it rebounds
