Bitcoin is experiencing a daily K-level pullback
What needs to be focused on here is a cyclical nature, so this period has achieved the dimension of high selling and low buying 📍
11.2 11.06 10.8 These three positions form effective resistance levels, the wide range has not been broken out, and the lower shadow lines are relatively frequent, appearing very abstract, the resonance area is around the position of 10.6 📍, if you think it will surge, on the contrary, my view is that it is the birth of a (waterfall), in summary, shorting above 10.6 or even here at 10.8 has the best risk-reward ratio, and the risk is also the smallest, following the cyclical trend, waiting for a breakthrough below 10.
Don't ask me which direction to take near 10.7, the answer is to short, there is no room for choice, the cycle has already told you, and the market signals are there, do you still want to play the game of children pretending to be adults❓
Five Steps of Trading:
Confirm the trend (large and small cycles) ➡
Determine the entry point (wait for the turning point) ➡
Determine the stop loss (break point) ➡ Important reminder (risk-reward ratio)
Patiently hold the position (move the stop loss) ➡
Cyclical system (repeat operations) ➡
