🚀BTC 1 Minute Chart Surges and Retreats, Long and Short Battle Intensifies!
Family! Just watched the BTC 1 Minute Chart violently surge to 118300, then retreat and oscillate, this round of long and short battle is so exciting!
Market Breakdown:
Trend: After probing the bottom at 117760, it violently surged, faced resistance at the high and retreated, currently oscillating around 118231, fierce competition between long and short
Volume: Trading volume surged during the rise (funds entering crazily), decreased during the retreat (bulls temporarily avoiding exposure)
Key Level: Holding above 118200 gives bulls a chance, dropping below 118000 may test support again
Trading Strategy (Must-read for Binance / GATE players):
Spot Traders: Hold your positions steady! The surge and retreat is a normal washout, institutional entry + ETF buying support, long-term view is premium
Contract Traders: The oscillating market is suitable for high sell low buy, lightly short near 118300 (stop loss at 118500), lightly long near 118000 (stop loss at 117800), quick in and out
Altcoin Correlation: When BTC is oscillating, altcoins may rotate, you can set up positions in quality coins with higher market caps (but don't chase the highs)
(Long and short battle intensifying, keep an eye on key levels, keep up the rhythm to profit!)
