Last night's market was quite exciting, with Bitcoin prices fluctuating wildly, providing opportunities for both long and short positions. Our team acted decisively, first shorting to earn 591 points, then flipping to long and securing another 695 points, netting a total of 1286 points for the night. In such a market, one must be quick, accurate, and ruthless; we will continue this way today.
The current market is quite interesting. The MACD indicator shows bears are dominant, but the strength is not strong; the RSI indicator is in the middle position, with no obvious buy or sell signals. Looking at the hourly chart, Bitcoin surged to around 104500 before starting to retrace, and is now oscillating between 102500 and 105000. This kind of market tests patience the most, requiring one to find the right rhythm.
My operational advice is very clear:
Just focus on trading within the 102500-105000 range.
Consider shorting as we approach 105000, and prepare to go long as we near 102500.
Always set stop-losses for each trade, and don't take on too heavy a position.
Remember, this is not a one-sided market; don't hold on stubbornly. When the price reaches the edge of the range, take action, lock in profits, and repeat the process—that's the way to go. The market is building momentum, so let's follow the oscillating rhythm and slowly accumulate profits.
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