The essence of intraday trading: $BTC callback to 96,800 is a good opportunity to enter the market!
Core view:
Callback is an opportunity: From the 4-hour chart, the high level is parallel but there is no top divergence of technical indicators. The callback is an entry signal. Market sentiment reversal: Shorts are currently prevalent, but the funding rate turns negative, which means that after the callback, it may rush to 99,000 again. Be cautious when following the trend of shorts.
Safety strategy:
Entry and defense: 96,800 open long, defend 1000 points, and the target is directly 99,000. High-level entry: After breaking 99,000, you can still decisively short, which is extremely safe.
In-depth insight:
SOL did not rise with BTC, indicating that BTC will rise after the callback, and SOL may find it difficult to keep up. Safety window: BTC has a 2-3 week safety period after the weekly cross, which is now coming to an end. The 1-hour level rise after the callback may become the final sprint. Direction fog: BTC fluctuates in a narrow range, first "reverse" trap stop loss, then determine the true direction. After two weeks of consolidation, choose to attack, which actually implies downward movement. Be patient and hold short, don't panic.
Market wise man:
All traders who have survived to this day are smart. If $BTC rose two or three thousand points in the past few weeks, the funding rate would have soared, but now it has quickly turned negative. Long short is not the best choice. BTC may reach a new high after the correction, and a large stop loss needs to be set. And SOL may be difficult to return to 176.5, so short short is better.
Conclusion:
The market is changing, and BTC's correction is a golden opportunity. Seize the present, see the future, and let profits run!
There are opportunities and risks in the currency circle. Staying vigilant and finding the right time is the key. I also found a short-term skyrocketing project with huge potential for doubling! If you want to keep up, click on the avatar and follow me, and share for free!
