Near BTC 113500, the main force is still fishing
Many people are tired of looking at it, and can't help but open positions when they don't understand
As a result, chasing long positions gets killed, and short positions get blown up.
But have you ever thought about it,
This kind of position is precisely the "psychological level" that the main force loves to fish.
The first resistance above is in the 114200-114800 range,
The first support below is roughly in the 111800-111000 range,
If these two areas do not break, the market is still just a "trap oscillation."
Don't be fooled by the oscillation, but I actually like this structure
As long as the rhythm is maintained, it’s easy to make a few thousand dollars in one wave.
My strategy:
I have already set up two script orders in advance:
If there is another round of false breakout at 114200, consider shorting
If the structure stabilizes near 111800 next time, I'll go long
Lock in the levels, manage the positions,
Don’t guess, don’t chase, don’t be greedy, come in wave by wave.
This wave of BTC is actually forming a "box upper boundary washing order structure",
Those who understand have already started to buy low and sell high slowly,
Those who don't understand... are either holding on or cutting losses.
To be honest, the market is not short of opportunities, it lacks a sense of rhythm.
Yesterday, I ambushed the first batch of longs near 112900,
Just took some profits at the high,
Now continuing to wait for the second round of rhythm to enter.
If you ask me whether to chase now?
I say don’t ask—don’t act until the points are reached.
Whether you can profit from this wave of BTC depends on whether you are with the right person.
The rhythm is still ongoing, and there won’t be any shortage of opportunities.