7.4 Bitcoin BTC Trading Strategy, Written Analysis
▶️ Weekly Level (W1)
Current Trend: No effective breakthrough has been formed, avoid blindly chasing long or short positions, further observation is needed to confirm direction.
▶️ Daily Level (D1)
Key Position: 108480 (must break down with a real entity to confirm the bearish trend).
If effectively broken:
Short-term Target: 105800
Next Support: 101800 (medium-term bearish target).
If not broken: may still maintain oscillation or rebound.
▶️ 4-hour Level (4H)
Short-term Watershed: 108500
Break below 108500: bearish to 105400.
Hold the support: may rebound, continue oscillating trend.
Operational Strategy
✅ Trend Following:
If breaking below 108480 (daily) or 108500 (4H), then short in line with the trend, target 105800-101800.
If support holds, then observe or take short-term low long positions, avoid counter-trend operations.
Risk Management:
⚠️ Strict Stop Loss: Exit promptly if the direction is wrong, do not hold the position.
⚠️ Wait for Confirmation: Do not bet in advance, only make high-probability trades.
⚠️ Follow the Trend: Do not speculate subjectively before the market confirms direction.
⚠️ Long-term Compound Interest: Do not pursue single transaction windfalls, but aim for stable profits + strict risk control.
⚠️ Cognitive Adjustment: Acknowledge mistakes and stop losses, avoid emotional trading.
(Personal opinion, not investment advice) #btc