2025/2/13 Bitcoin Trend Review:
The price continued the previous day's three-push wedge and then stagnated. The previous day's 91K line and the 8K line of this day formed a double top with lower highs. If holding long positions, one must exit after seeing the closing of the 11K line, as it is consecutive bearish candles closing below the moving average. More aggressive traders could enter with a sell stop below the 11K line or by market order directly. Subsequently, the 18K line confirmed a downward trend, and entering with a sell stop below the 18K line would present a good swing trading opportunity. The price then declined in a narrow channel, always in short, only short positions can be taken, no long positions can be held for any reason. Sell on the close of any large bearish candle, sell on the close of any bullish candle. By increasing the position size with profits, one can achieve quite good returns.
This continued until the appearance of the 29K line, which, when viewed together with the 28K line, showed significant overlap, and there is a possibility of entering a consolidation range. The 28-36 lines formed a wide descending channel with upper and lower shadows, with a 75% probability of being broken upwards. If short positions have been held without closure, after the appearance of the 37K line, move the stop loss above it to exit.
Subsequent trading opportunities appeared on the 63K bullish candle and the 76K bullish candle. Although the results were failures, there were no logical issues; if entering long and seeing poor follow-through, one should exit in a timely manner. Until the 81K line, following the same logic as the previous two long entries, the bullish line broke the moving average for entry, and the 81K line brought subsequent upward movement. From the perspective of the range, there is not much profit space, but one can anticipate a breakout of the range, which allows for looking upwards to another range distance; another long opportunity is on the 85K line, entering long with a buy stop may present a good swing trading opportunity.
