Yesterday, I held a long position at 89200, gaining 1400 points.
At 89200, I tried to short for a bit, but I quickly hit my stop loss when it broke 90,000. I didn't expect it to break through directly, resulting in an 800-point loss.
The big pancake is currently pulling back after a surge. The current price around 87800-87500 can be an opportunity to try going long. This position serves as a support level converted from the previous high on the 4-hour chart, and it is also a psychological level that the market makers often manipulate.
Set a stop loss just below 86500, and initially target the pressure zone around 89200.
If it manages to break through the previous high with volume and reaches around 89200, consider reversing to short. The weekly chart faces the significant barrier of 90000, and the main players are likely to play the tactic of 'false breakout and real dump' here.
Set a stop loss just below 86500, and initially target the pressure zone around 89200.
If it manages to break through the previous high with volume and reaches around 89200, consider reversing to short. The weekly chart faces the significant barrier of 90000, and the main players are likely to play the tactic of 'false breakout and real dump' here.
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BTC
93,971.61
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