9.24 Update Bitcoin
Bitcoin currently at 113000 continues to be held, reduced positions at 111900 last night, and there are still a small portion of positions allowing profits to run.
Currently, Bitcoin is showing bottom oscillation, with resistance at 113400 above and support at 111400 below. We patiently await entry opportunities.
Recently, we have been making short-term small trades, and there have been significant gains. Additionally, as mentioned in yesterday's post, the important support level is around 110700, so this is not only our target for this small trade but also our entry point.
So, our next step is to patiently wait for the 110700 position to arrive. Aggressive friends can start to enter with light positions at 111400 and scale in at 110700.
Recently, many people in the market have been bullish on Bitcoin, and some are saying it will reach 98000 or lower. However, I believe there's no need for FOMO; the bull market still exists. Although U.S. stocks declined last night, Bitcoin did not plunge like a waterfall, so we need to pay extra attention recently. The market is likely to suddenly drop unexpectedly before starting to rise.
Therefore, the current direction remains unchanged, optimistic about Bitcoin, patiently waiting for the 110700 position. Those who cannot wait can start entering with light positions as mentioned above, and I will follow up with new stop-loss positions after entering. $BTC
