The position of BTC is very critical
The trend here is not clear, it can go up or down. Once the direction comes out, it is easy to fluctuate 1-2000 points up or down! Key positions are easy to be manipulated repeatedly by the main force, so it is best to avoid making breakthrough orders in trading!
The detailed analysis of the weekly report will be sent to the group in the form of a video tomorrow
Here are some operational suggestions first
BTC short-term account long advice
Go long on the rebound from 2 hours to 4 hours, the long range is 26880-26750, stop loss is 26500, and take profit is reversed on the 2-day line to sell out part of the position (because it is not clear here whether there will be an effective breakthrough in the market outlook, so pay attention first if there is a breakthrough) There is resistance near 27800. If 27800 breaks through, it will easily rise to 28500 or 29100)
BTC long-term account short selling advice
Option One:
If the price falsely breaks through 27500, refer to the daily candle, and go short in the long term (for taking profit, refer to the take-profit method of Plan 3 below)
Option II:
If the price does not break through 27500, the 4-hour rebound will end, and the long-term account will go short (for take-profit, please refer to the take-profit method of Plan 3 below)
Option three (the worst coping strategy):
The price dives directly, effectively falling below 26500. You can use a low stop loss to chase the short order after the breakthrough!
Note on taking profit: If the price falls below 26000 again, the price will easily test 25300-24900. If you successfully reach this area, you can take profit on half of the position first. If it continues to fall below 24500, you can make up half of the closed position and wait for 2 days. Take profit only after the line is reversed!
The short-long plan, as well as the short-selling plan 1 and 2, are more comfortable from the perspective of holding costs. Breakthrough orders like plan 3 are easily worn out by the market!
The trend here is not clear, it can go up or down. Once the direction comes out, it is easy to fluctuate 1-2000 points up or down! Key positions are easy to be manipulated repeatedly by the main force, so it is best to avoid making breakthrough orders in trading!
The detailed analysis of the weekly report will be sent to the group in the form of a video tomorrow
Here are some operational suggestions first
BTC short-term account long advice
Go long on the rebound from 2 hours to 4 hours, the long range is 26880-26750, stop loss is 26500, and take profit is reversed on the 2-day line to sell out part of the position (because it is not clear here whether there will be an effective breakthrough in the market outlook, so pay attention first if there is a breakthrough) There is resistance near 27800. If 27800 breaks through, it will easily rise to 28500 or 29100)
BTC long-term account short selling advice
Option One:
If the price falsely breaks through 27500, refer to the daily candle, and go short in the long term (for taking profit, refer to the take-profit method of Plan 3 below)
Option II:
If the price does not break through 27500, the 4-hour rebound will end, and the long-term account will go short (for take-profit, please refer to the take-profit method of Plan 3 below)
Option three (the worst coping strategy):
The price dives directly, effectively falling below 26500. You can use a low stop loss to chase the short order after the breakthrough!
Note on taking profit: If the price falls below 26000 again, the price will easily test 25300-24900. If you successfully reach this area, you can take profit on half of the position first. If it continues to fall below 24500, you can make up half of the closed position and wait for 2 days. Take profit only after the line is reversed!
The short-long plan, as well as the short-selling plan 1 and 2, are more comfortable from the perspective of holding costs. Breakthrough orders like plan 3 are easily worn out by the market!