2023-8-8: BTC strategy sharing cycle 1H

Interpretation of the market: The market is currently converging into a triangle, and the high points of the triangle are lowering and the low points are also lowering.

This will form a stop-loss order on the upper and lower rails of the triangle. When the price moves in a certain direction, it will

Become the fuel for price movements.

We need to pay attention to what kind of reaction there will be when the price moves around 29500---29440.

If you go short on the shadow line, continue to wait and see on the positive line of the entity. If there is a signal at the bottom support position, you can also do it.

Great location for many

Strategic layout:

Medium risk short order: 29440---29500 short, stop loss 29620

Low risk short order: 29887---30061 short, stop loss 30100

Target take profit position: 28320

Bottom long position: 28130---28320 long, stop loss signal line bottom

(I will post the specific positions of take profit and stop loss in the square)

$$Watch the market in real time and wait until the K-line closes to give a signal before entering