BTC 3.14 Trading Strategy

Recently, the price has been fluctuating within the range of 80,000-84,000, forming multiple candlesticks with long upper and lower shadows, indicating intense competition between bulls and bears in the market. After a long bearish candlestick in the previous trading day, a rebound occurred with reduced volume, but the price failed to break the previous high, showing significant selling pressure above. Overall trading volume has shrunk, especially during the rebound phase, indicating insufficient confidence among market participants.

Trading Strategy

Go long at 80800/80500 (EMA30 + integer support, expecting a rebound with reduced volume)

Stop loss at 80300 (stop loss if the previous low is broken, to avoid false breakouts)

Target 83000/83500 (previous high + EMA7 resistance, upper range)

Go short above 83500 (after a valid breakout)

Stop loss at 83800 (stop loss if the previous high is broken, to avoid chasing the price)

Target 81000 (lower range)