October 16 BTC Strategy
The current chart shows BTC facing resistance at 84,200
We’re still expecting a pullback in the near term
If it hasn’t dropped much further, don’t rush to buy the dip
Look to open short positions in the 83,500–84,000 range
Set the stop-loss at 84,500 (the starting point of the drop on October 7)
If a bearish candle body continues to break below 81,800
keep your stop-loss at breakeven and wait for a new low to form
Reduce short positions in the 79,200–78,000 range, and look for an entry point for long positions
#BTC $BTC #老郑策略
The current chart shows BTC facing resistance at 84,200
We’re still expecting a pullback in the near term
If it hasn’t dropped much further, don’t rush to buy the dip
Look to open short positions in the 83,500–84,000 range
Set the stop-loss at 84,500 (the starting point of the drop on October 7)
If a bearish candle body continues to break below 81,800
keep your stop-loss at breakeven and wait for a new low to form
Reduce short positions in the 79,200–78,000 range, and look for an entry point for long positions
#BTC $BTC #老郑策略