Bitcoin Early Morning Thoughts
Yesterday morning, a strategy for buying on the Bitcoin dip was provided. Bitcoin retraced to the 43900 level in the afternoon, which was also our buying point. In the evening, it successfully reached the take-profit point at 86500, resulting in a successful profit of 2500 points. This rebound, as mentioned earlier, requires attention to the upper resistance at 88000. Currently, Bitcoin's strong rebound shows a weakening trend. From the daily chart perspective, the daily upper track is under pressure, and the market is showing a downward trend. You can first make short-term purchases at the lower level. The operation strategy for buying at high points in the early morning is as follows:
Buy at 86300-86000 with a target of 87300
Sell at 87800-88100 with a target of 86800-86000 and a risk control of 500 points.
Yesterday morning, a strategy for buying on the Bitcoin dip was provided. Bitcoin retraced to the 43900 level in the afternoon, which was also our buying point. In the evening, it successfully reached the take-profit point at 86500, resulting in a successful profit of 2500 points. This rebound, as mentioned earlier, requires attention to the upper resistance at 88000. Currently, Bitcoin's strong rebound shows a weakening trend. From the daily chart perspective, the daily upper track is under pressure, and the market is showing a downward trend. You can first make short-term purchases at the lower level. The operation strategy for buying at high points in the early morning is as follows:
Buy at 86300-86000 with a target of 87300
Sell at 87800-88100 with a target of 86800-86000 and a risk control of 500 points.
