Yesterday, Bitcoin continued to range-bound oscillation. Whether going long or short, there were profits to be had within the range. It also serves as a reminder that the opportunity to “catch the trades” may need to produce two rounds of “air walls,” not like expected.
Currently, the overall market is still in a box-range consolidation. Although the direction isn’t very clear, as long as price hasn’t broken out of the range, opportunities for short-term trading remain. Also tonight, there will be the small Non-Farm Payrolls and PCE data. Before and after the release, price action can easily “poke” through levels (insert spikes), so remember to manage risk well. During the day, there’s no need to focus too much on breaking down and adjusting based on a single direction. During the day, continue to follow the recent outlook: treat opportunities as “catching the falls” (go long on dips), and pay attention to “catching” around 82K–82.5K, targeting around 85K.
Currently, the overall market is still in a box-range consolidation. Although the direction isn’t very clear, as long as price hasn’t broken out of the range, opportunities for short-term trading remain. Also tonight, there will be the small Non-Farm Payrolls and PCE data. Before and after the release, price action can easily “poke” through levels (insert spikes), so remember to manage risk well. During the day, there’s no need to focus too much on breaking down and adjusting based on a single direction. During the day, continue to follow the recent outlook: treat opportunities as “catching the falls” (go long on dips), and pay attention to “catching” around 82K–82.5K, targeting around 85K.
