[Today’s Strategy—BTC]
After staying up for two days over the weekend, the market finally made some movement today. After scanning orders back and forth in the early trading, is it going up or down? Let me share my views with you.
It can be seen from the 1-hour trend of the market (as shown in the picture) that after coming out of the downward channel, it quickly fell below the trend line in early trading and then turned V at the precise pin support level. As the saying goes, if it cannot be broken, it cannot be established. Since it is true, then Confirm that 29100-29220 below is a strong support. Let’s look at the midday trading after the V turn. It has been oscillating sideways. This is a typical technical form in which the bulls are ready to continue to rise after the V turn. Therefore, before the short sellers have effectively penetrated 29310, Low and long are the main ones, and the pressure level above is the upper edge of the box.
Strategy: Aggressively go long at the current price of 29,400, go long below the steady 29,310, target 29,800
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