11.5 Election results are in; Bitcoin breaks through range resistance. Sideways trading today as markets await the jobs report
Episode 403 of Lao Bao’s Crypto Harbor:
After a false breakdown yesterday, Bitcoin went on to break through resistance
and pushed back up to around 80k, now showing tentative signs of holding steady
Bitcoin is expected to continue consolidating at elevated levels in the short term. With a daily golden cross forming,
shorting still calls for extra caution. Manage your position size carefully; sticking to your chosen direction is the right approach
P.S.:
Long-form videos discuss trends; short-form videos explain the logic. In the trading market, the most valuable thing is trading logic, while entry and exit points are the least important;
The daily videos are for reference only and do not constitute trading advice. Thank you for your continued attention and support for Lao Bao’s Crypto Harbor;
Episode 403 of Lao Bao’s Crypto Harbor:
After a false breakdown yesterday, Bitcoin went on to break through resistance
and pushed back up to around 80k, now showing tentative signs of holding steady
Bitcoin is expected to continue consolidating at elevated levels in the short term. With a daily golden cross forming,
shorting still calls for extra caution. Manage your position size carefully; sticking to your chosen direction is the right approach
P.S.:
Long-form videos discuss trends; short-form videos explain the logic. In the trading market, the most valuable thing is trading logic, while entry and exit points are the least important;
The daily videos are for reference only and do not constitute trading advice. Thank you for your continued attention and support for Lao Bao’s Crypto Harbor;