$BTC
We bought a long order at 53500 on 9/8, and currently have a floating profit of 2000 points‼ ️So how do we interpret the current market situation?
1. From the third K-line chart, we can clearly see that the price rebounded after hitting the lower edge. My approach will be to halve the position at the upper edge of the purple descending channel (about 56500).
2. From the fourth Bitcoin futures CME chart, we can see a gap left by this week’s opening (the lower edge of the gap is 53800). This gap is the possibility that I see that it will decline again. Judging from past records, The probability of gap filling is very high.
3. Therefore, we can say that once this gap is filled, long orders can be bought bravely. If this gap is not filled, Bitcoin will continue to sing. Our position bought at 53500 can be held for a long time after the halving of 56509, and we will not take profit until the previous high of 73800❗️
