#btc $BTC
1. Buying Strategy (Bullish)
- Entry Point: Around $80,000.
- Reason: $80,000 is a recent support level (near MA(10)), if the price rebounds to this level accompanied by a bullish candle or increased trading volume, a position can be considered.
- Stop Loss: $78,000.
- Reason: Set the stop loss below the support level of $76,606 to control risk within 2-3%.
- Take Profit: $85,000.
- Reason: After breaking the resistance level of $84,000, the target can be set around $86,376.67 (trendline resistance).
- Risk Management: Position size is recommended to be controlled at 5-10% of total capital to avoid significant market downturns.
2. Short Selling Strategy (Bearish)
- Entry Point: Current price $82,656.
- Reason: The price is in a descending channel and may continue to test the support at $76,606 in the short term, suitable for short-term short selling.
- Stop Loss: $84,500.
- Reason: Breaking above the resistance level of $84,000 may indicate a trend reversal, set the stop loss above this to avoid larger losses.
- Take Profit: $78,000 or $76,606.
- Reason: The target is a recent support level, if it breaks below $76,606, further downside to $75,881.30 can be considered.
- Risk Management: Position size controlled at 5-10% of total capital, pay attention to changes in trading volume to judge trend strength.