BTC recent trend analysis and suggestions
Hey guys, there has been a lot of discussion about BTC recently, especially about whether it can break through the resistance zone of 98k or even 99k. I have to say that those friends who have been eyeing BTC in the 94-95k area, you really have a good eye!
This morning, BTC has approached the high of 98.7k, and it looks quite strong. However, I have to remind everyone to be careful at this time. If you have a long position and there is support recently, you might as well consider reducing your holdings by half, especially in the 98.5-98.8 range. This is the short-term resistance zone before BTC breaks through 99k.
Of course, BTC may retest the 96.2~96.5 area. If it is strong enough, 97k is a leveling point for bulls. At that time, we can wait for this retest area and seize some reduced profit-taking opportunities.
However, if we want to go further and more steadily in the game of BTC, we must learn to follow the upward trend of long and short positions, so that we can take the initiative. I have to say that it is difficult to keep money and it is even more difficult to close profits. Therefore, everyone must avoid a sharp correction before each resistance level, and remember to recover profits in time.
My goal is still to set BTC around 9899k. If BTC can strengthen and break through 99k this week, the strong resistance level will be at 100k. If BTC really reaches the range of 99.8100k, then it is a sure thing that it will break through 104k. This increase is quite considerable, about 80%. Everyone can pay close attention to it.
Well, the above are some of my views and suggestions on the recent trend of BTC. Remember to follow me, I will update the latest sharing in time!
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