📌 BTC - Quick view today 04/24
Currently, BTC is hovering around 78k3 after yesterday's pullback and has reacted according to the plan shared two days ago. It has rejected twice because this area is a confluence of three factors:
- A peak broken by H1 and retested according to market structure knowledge
- The Fibo 0.5 - 0.618 zone is quite strong
- H1 bullish FVG
The 1D and 2D frames still maintain a bullish trend in the short term
📈 Current strategy:
Follow the larger trend, but whether LONG or SHORT, close the position when the momentum fades. Currently for LONG, the SL should be 76850 or 76450 for safety, but the RR won't be high if targeting 79k5 or even 80k5.
--> If you haven't opened a position yet, wait for M5 to pull back while holding strong support, then a short SL will provide a higher RR for a LONG position.
--> As for SHORT here, the SL is quite far at 80k2, and being SHORT here is risky.
Currently, I still have the position from last night that I shared with the community for free since I moved the SL down to 76450 before going to sleep for safety. Please wait for me to update the plan for new entries today if you missed last night.
Still prioritizing 1% account risk per trade, folks.
Wishing everyone a productive day💰
#Binance #BTC走势分析 #trading #Community