The trend shared by $BTC yesterday was originally expected to happen in 3-5 days. Unexpectedly, it shot up to near my target level of 72,000 within one day, and as expected, the abc wave correction occurred, and now the price has reached 69,400.
So what's going to happen next? Because price fluctuations are affected by news, they may occur earlier than we expected. We can speculate with a high probability that the price will definitely go back to the 68,500 area for a double bottom. At that time, we will see if the price rises with volume; however, my personal view is that it must fall below and reach the 66,500 area.
Therefore, for our original long order of 68,000, we can choose the same small position to avoid being short, and then if it really goes down, we can place additional orders at 66,500, but the position control needs to be measured by ourselves.
👍Opening position
1. The transaction on the left is as mentioned above, 68000/66500 is long in batches.
2. For transactions on the right side, you need to wait until the price falls below 68,000, and the price touches the 4-hour Bollinger Band and has a physical breakthrough, then you can boldly go long. (I will share the recommended price immediately to give you an idea first)
Note: I personally have opened a short position at 70600, but the current price-to-earning ratio of opening a short position is not very ideal, so I do not recommend it.
