$BTC
The day has broken, friends!
Waking up to find the positions gone; it turns out that over 103,300 long positions were stopped out at 104,800!
From a four-hour perspective, although a bullish engulfing pattern has appeared, it has not continued to rise afterwards. This is indeed a trap for bulls! The trading volume in the morning is clearly decreasing! Currently in a range-bound fluctuation, but we cannot rule out a spike in the morning on Monday!
Taking a morning nap! Therefore, placing limit orders is very necessary! Short at 104,811, stop loss at 105,311, target at 103,600! The levels are relatively stable, with a small stop loss. Light positions can be tried, with strict control over position size and risk management!
