6.8 Monday Midday $BTC Trading Strategy and Market Analysis:
Looking back at the morning session, bullish news gave the market a pop, but it has always been under pressure after the rebound. The morning saw a peak around 63800 before it retraced to the current low near 62300. Currently, we are seeing a rebound adjusting around 63200. The bulls are still in a low-volume phase. Our short positions placed earlier are yielding results, with Bitcoin racking up 1000 points.
The major downtrend on the chart remains intact, and the pullback hasn't broken through the key Fibonacci 23.6% resistance, with bears still in control. The 4-hour chart shows a bullish candlestick pullback, testing the upper Bollinger Band under pressure. The intraday price action is in a choppy downtrend, with the rebound continually testing lower support levels. Indicators also haven’t shown any significant reversal signals yet; thus, our strategy remains to trade with the trend downwards. #BTC走势分析 #btc走勢
You can short Bitcoin around 63000-63500, targeting a break below 62300 to extend down to 61500.
I share daily insights not to brag about my win rate but to let you know I'm always here, watching the market around the clock, professional and reliable. My personal analysis and strategies are for reference only; please manage your own risk. Trading is risky; invest wisely!
Follow Da Sen for daily updates and in-depth analysis. Sen doesn’t boast or make empty promises; he shares real-world experiences that help you survive in the market! #比特币减半完成
"Smart money" has already started trading from here👇. #BTC☀
#MichaelSaylor暗示增持BTC
Looking back at the morning session, bullish news gave the market a pop, but it has always been under pressure after the rebound. The morning saw a peak around 63800 before it retraced to the current low near 62300. Currently, we are seeing a rebound adjusting around 63200. The bulls are still in a low-volume phase. Our short positions placed earlier are yielding results, with Bitcoin racking up 1000 points.
The major downtrend on the chart remains intact, and the pullback hasn't broken through the key Fibonacci 23.6% resistance, with bears still in control. The 4-hour chart shows a bullish candlestick pullback, testing the upper Bollinger Band under pressure. The intraday price action is in a choppy downtrend, with the rebound continually testing lower support levels. Indicators also haven’t shown any significant reversal signals yet; thus, our strategy remains to trade with the trend downwards. #BTC走势分析 #btc走勢
You can short Bitcoin around 63000-63500, targeting a break below 62300 to extend down to 61500.
I share daily insights not to brag about my win rate but to let you know I'm always here, watching the market around the clock, professional and reliable. My personal analysis and strategies are for reference only; please manage your own risk. Trading is risky; invest wisely!
Follow Da Sen for daily updates and in-depth analysis. Sen doesn’t boast or make empty promises; he shares real-world experiences that help you survive in the market! #比特币减半完成
"Smart money" has already started trading from here👇. #BTC☀
#MichaelSaylor暗示增持BTC