Hello everyone, it's been a while since the last update. I made a fundamental mistake in trading earlier, and I needed some time to rest and adjust, especially since the New Year kept me busy. In the coming time, I will share some insights about trading.

There isn't much to say about Bitcoin on the daily chart; it has been in a relatively wide fluctuating range since the last wave of increase, with a range of about 20% (from bottom to top). It is worth noting that two segments of decline have appeared within this range. If there is another decline in the next half month, it will form a three-push wedge structure, and since the price is at the bottom of the range, it would be a suitable time to buy long.

Review of the trend on 2025/2/5:

Starting from UTC+0 time (8 AM Beijing time, which is the daily opening and closing), all the way to the US trading hours, the price has been moving within a range that is not too large. In hindsight, it is easy to see that this is a trading range. It may not be readily apparent during the session, but if one cannot make good judgments, they can look at the previous day's trend, where there were significant drops and rises, which are characteristics of a fluctuating range. If one can identify a fluctuating range, it can save a lot of time in trading and reduce unnecessary entries. The only suitable entry opportunity is marked as the 41st candlestick in Figure 2, where a three-push wedge forms within the fluctuating range, and there are two consecutive bullish candlesticks at the bottom of the range, providing background support. The entry condition is not too bad, and one can enter long using a buy stop order above the 41st candlestick, aiming to reach the upper part of the range, which could be a good trading opportunity.

As soon as the US trading session opened, it tested the upper part of the range. A large bearish candlestick with a significant real body formed on the 15-minute chart, which is a very good short signal, situated at the upper boundary of the range with background support and signal support. One can place a sell stop order below the 60th candlestick to enter short, with the option to close at the bottom of the range during the day. However, trading volume tends to be larger during the US session, often leading to more trading opportunities and larger fluctuations. One can continue to aim downward towards the low point of yesterday and close near that low. When the price no longer declines near yesterday's low, one should close the position.

Today is the first day of reviewing intraday trends. If this review is helpful to you, I will continue to do it. #比特币盘整将持续多久？ #比特币每日复盘