Crypto_cunhai
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11.06 BTC Market Analysis：
Current Bitcoin Price: $74350
1️⃣ First of all, congratulations to Trump on being elected President of the United States
Also congratulations to Musk for his successful bet, earning the title of Gambling King 2024 🤣
With the U.S. elections settled, Bitcoin has finally exploded, breaking new highs, reaching a maximum of $75500
2️⃣ Personal Trading Strategy
As the saying goes, good news often marks the beginning of a downturn. The market generally reacts before the news, and when Trump won, the market also reached its peak; I speculate there will be a pullback, therefore
In terms of operation:
I closed my long position at the 74400 level, taking profits.
Subsequently, I opened a short position at the 75000 level and bought back at the 73200 level.
Currently, I have no contract positions, holding 80% of my portfolio in spot BTC.
3️⃣ Future Outlook
Overall, the trend is still upward, and it requires some time for another buildup, so I do not recommend opening short positions again.
The upper resistance level is at 78000.
The lower range of 71000-72000 can be tried for long positions, with a stop-loss at 70000.
#BTC $BTC
Current Bitcoin Price: $74350
1️⃣ First of all, congratulations to Trump on being elected President of the United States
Also congratulations to Musk for his successful bet, earning the title of Gambling King 2024 🤣
With the U.S. elections settled, Bitcoin has finally exploded, breaking new highs, reaching a maximum of $75500
2️⃣ Personal Trading Strategy
As the saying goes, good news often marks the beginning of a downturn. The market generally reacts before the news, and when Trump won, the market also reached its peak; I speculate there will be a pullback, therefore
In terms of operation:
I closed my long position at the 74400 level, taking profits.
Subsequently, I opened a short position at the 75000 level and bought back at the 73200 level.
Currently, I have no contract positions, holding 80% of my portfolio in spot BTC.
3️⃣ Future Outlook
Overall, the trend is still upward, and it requires some time for another buildup, so I do not recommend opening short positions again.
The upper resistance level is at 78000.
The lower range of 71000-72000 can be tried for long positions, with a stop-loss at 70000.
#BTC $BTC
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November 5th Market Update:
There’s not much to say about the market these days.
BTC price fluctuates between $67,000 and $70,000.
It seems like everyone is waiting, waiting for a result to land.
It feels like the calm before the storm.
Personal Operations:
Yesterday, the buy order at $67,000 was successful.
I currently hold 40% of the buy order, with an average price of around $67,500.
The stop loss is set at $66,000, which is a bit higher than the previous $65,000.
I’m also worried about a major reversal 😅
I suggest that everyone opening contracts must, must, must set a stop loss!
Don’t be afraid of missing opportunities to make money, just be afraid of getting washed out of the game 🃏
See you after the big election!
$BTC
There’s not much to say about the market these days.
BTC price fluctuates between $67,000 and $70,000.
It seems like everyone is waiting, waiting for a result to land.
It feels like the calm before the storm.
Personal Operations:
Yesterday, the buy order at $67,000 was successful.
I currently hold 40% of the buy order, with an average price of around $67,500.
The stop loss is set at $66,000, which is a bit higher than the previous $65,000.
I’m also worried about a major reversal 😅
I suggest that everyone opening contracts must, must, must set a stop loss!
Don’t be afraid of missing opportunities to make money, just be afraid of getting washed out of the game 🃏
See you after the big election!
$BTC
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