Simple $BTC Trading Strategy: The “24-Hour Bounce Play”
What’s Happening with $BTC Right Now?
Bitcoin is currently trading around 117,853. In the last 24 hours, it’s had some interesting movement:
• 24-hour high: $119,754
• 24-hour low: $117,953
• Current price: Around $117,853
• Daily change: Down about 0.13% (only $150 drop)
This gives us a 1.53% trading range in just one day - that’s actually pretty good for making quick profits!
Think of Bitcoin’s price like a bouncing ball in a box. The floor of the box is support (where the ball bounces up), and the ceiling is resistance (where the ball gets pushed back down).
Here’s How It Works:
Step 1: Identify the “Box”
• Support level: Around $117,900 (yesterday’s low area)
• Resistance level: Around $119,700 (yesterday’s high area)
Step 2: The Trading Plan
• Buy when Bitcoin drops near $117,900 (the floor)
• Sell when Bitcoin rises near $119,700 (the ceiling)
• Profit target: About 1.5% per trade
Some simple rules to keep in mind:
Rule #1: The 50/50 Split
Only use 50% of your trading money at a time. If you have $1,000, only trade with $500. This way, if things go wrong, you still have money left.
Rule #2: Set Your “Emergency Exit”
If Bitcoin drops below $117,500, sell immediately. This is your stop-loss - like having a safety net.
Rule #3: Take Profits Early
Don’t get greedy! If you make 1% profit, consider selling half your position. It’s better to make small, consistent wins than to lose everything waiting for huge gains.
Rule #4: Use the “3-Touch Rule”
Only enter trades when Bitcoin has touched the support or resistance level at least 3 times before. This confirms the level is “real”
