$BTC
Bitcoin, weekly K, ascending trend turns to sideways, daily K sideways wide fluctuations, 4H rebounds from oversold, 1H upward rebound in a downtrend, 30m ascending turns sideways. From above, trading opportunities are visible in 4H and above, with no trading opportunities in 1H and below. The rebound strength of Bitcoin is weaker than that of Ethereum and BNB. When choosing trades, going long should select assets with upward strength stronger than Bitcoin, while shorting should prioritize assets with weaker strength than Bitcoin. Intraday trading should primarily focus on sideways fluctuation operations, within the range of 115920-113596, where these positions also serve as temporary support and resistance. If false breakouts or false breakdowns occur, these values will change. Only effective breakouts and breakdowns will indicate the direction for entry. Of course, essentially, making breakouts and breakdowns is about trend trading, but this also raises several issues: 1. Poor entry position, 2. Excessive stop loss, 3. Psychological pressure from losses due to pullbacks after breakouts, 4. How to handle failed breakouts or breakdowns, 5. How to deal with continued sideways movement after breakouts or breakdowns, 6. How to exit. The above issues are situations we must experience and face, and the ability to profit or incur losses, including the amount of profit or loss, stems from our responses.
