$BTC continues to gamble, looking for trading opportunities amidst the fluctuations
1) Place a sell order between 90200-90500, with a stop loss at 92000, aiming for above 86000, aiming for a 1:2 risk-reward ratio
2) Support above 86000 to open a long position, targeting 97000 to 100000, here reduce the position size to use 70% and extend the stop loss
3) If the first order is not filled or hits the stop loss, it does not affect the second order operation
Reasons for trading
Before the price breaks 90000, I believe the price will go directly to settle around 97000, but the actual market trend did not continue to rise but broke the support at 90000. Once the support is broken, it becomes short-term resistance, and I no longer expect a sustained rise but rather anticipate a price rebound to 90000, where trapped longs and newly opened shorts will sell, causing the price to continue to fall. Meanwhile, weekend short-term shorts opened near the current price mostly have their stop losses around 90000, making this a good opportunity for speculation
When the price approaches 86000, I hope to see a third push supported by the channel leading to the most violent rise near 10000, looking for shorting opportunities again
Although we can capture interval profits in the fluctuating range, if BTC breaks out of a daily level rising wide channel during a downtrend, it is effectively a bear flag, and the price has a chance to break below 80000 again, but this is not a concern at the moment; I will observe further
All short-term plans above
1) Place a sell order between 90200-90500, with a stop loss at 92000, aiming for above 86000, aiming for a 1:2 risk-reward ratio
2) Support above 86000 to open a long position, targeting 97000 to 100000, here reduce the position size to use 70% and extend the stop loss
3) If the first order is not filled or hits the stop loss, it does not affect the second order operation
Reasons for trading
Before the price breaks 90000, I believe the price will go directly to settle around 97000, but the actual market trend did not continue to rise but broke the support at 90000. Once the support is broken, it becomes short-term resistance, and I no longer expect a sustained rise but rather anticipate a price rebound to 90000, where trapped longs and newly opened shorts will sell, causing the price to continue to fall. Meanwhile, weekend short-term shorts opened near the current price mostly have their stop losses around 90000, making this a good opportunity for speculation
When the price approaches 86000, I hope to see a third push supported by the channel leading to the most violent rise near 10000, looking for shorting opportunities again
Although we can capture interval profits in the fluctuating range, if BTC breaks out of a daily level rising wide channel during a downtrend, it is effectively a bear flag, and the price has a chance to break below 80000 again, but this is not a concern at the moment; I will observe further
All short-term plans above
