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14:20
The current market is consistent with the direction of the past two days. The major range of 3150-3250 has been reached. BTC is still 2,000 points away from 96,000, but in terms of direction, there haven't been any mistakes. Although I didn't hold onto my position, it doesn't affect my market judgment or trading strategy.
Looking ahead, as shown in the chart below: after reaching strong resistance around 3250 and getting pushed down, with the volume also weakening, a pullback is likely next. It's time to consider short positions. The support level to watch is around 3050-40, which is also the starting point of this move. If you don't have a position, you can consider shorting at 3210-20, with a stop loss at 3242. The stop loss isn't big. For take profit, consider taking profit in batches around 3140-3050. First support level—reduce positions near breakeven. Risk-reward ratio is about 1:4.
Observe further after that. If 3050 doesn't break and the price surges again, it may break through 3250 to above 3360—take it step by step. Don't expect perfect entry and exit points; it's easy to miss out and see profits retrace. That's something I've felt in the past two days.
BTC short positions around 94,200-90,800, with about 3,000 points profit. BTC can be watched around the current level of 93,800. If it doesn't break through 94,200, you can enter a short position. Stop loss is about 500 points, take profit 3,000 points. Risk-reward ratio is above 1:5.
As shown in the chart below, there are currently three possible trends: the first is the colored arrow, the second is blue, the third is green. Personally, I lean toward the second, which also aligns with the short strategy.
Personal views for reference only.
The current market is consistent with the direction of the past two days. The major range of 3150-3250 has been reached. BTC is still 2,000 points away from 96,000, but in terms of direction, there haven't been any mistakes. Although I didn't hold onto my position, it doesn't affect my market judgment or trading strategy.
Looking ahead, as shown in the chart below: after reaching strong resistance around 3250 and getting pushed down, with the volume also weakening, a pullback is likely next. It's time to consider short positions. The support level to watch is around 3050-40, which is also the starting point of this move. If you don't have a position, you can consider shorting at 3210-20, with a stop loss at 3242. The stop loss isn't big. For take profit, consider taking profit in batches around 3140-3050. First support level—reduce positions near breakeven. Risk-reward ratio is about 1:4.
Observe further after that. If 3050 doesn't break and the price surges again, it may break through 3250 to above 3360—take it step by step. Don't expect perfect entry and exit points; it's easy to miss out and see profits retrace. That's something I've felt in the past two days.
BTC short positions around 94,200-90,800, with about 3,000 points profit. BTC can be watched around the current level of 93,800. If it doesn't break through 94,200, you can enter a short position. Stop loss is about 500 points, take profit 3,000 points. Risk-reward ratio is above 1:5.
As shown in the chart below, there are currently three possible trends: the first is the colored arrow, the second is blue, the third is green. Personally, I lean toward the second, which also aligns with the short strategy.
Personal views for reference only.
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