Reviewing the market in the early morning, at two o'clock, the Federal Reserve meeting began, and then at three o'clock, a strong piece of positive news was released, pushing the price of the currency from around 109,000 to around 112,000, once again refreshing the historical high. This kind of single-sided big market with a three-thousand-point move in one hour is unavoidable; our short positions planned for the evening have hit the stop-loss exit. Being wrong is just being wrong; there is nothing more to say; we can make good plans. It's normal to have both losses and gains in the cryptocurrency circle. Currently, the price is around 111,300.
Bitcoin strongly broke through the 110,000 mark under the stimulus of the Federal Reserve's positive news and refreshed the historical high to around 112,000, forming a large bullish candle on the hourly chart, confirming a short-term bullish trend. The current price is consolidating around 111,300, still holding key support in the 110,800-111,000 range (previous high turned support + EMA5 moving average). The MACD has formed a second golden cross, and the volume is healthy, indicating that the upward momentum is still present. If it retraces without breaking 110,800, there is hope for further attacks on 112,500 or even 115,000.
Operational strategy suggestion:
For the short term, attention can be paid to opportunities for low long positions on retracements. Aggressive traders can try to go long with light positions at the current price (stop-loss below 110,500), while conservative traders should wait for stabilization around 110,800 before entering. If it breaks above 112,000, chasing long positions on the right side is advisable, targeting 113,500-115,000. It is recommended to control positions and strictly set stop-losses, acting in accordance with the trend. Before the market trend reverses, it is not advisable to blindly guess the top; the main strategy should be to go long on retracements.
