BTC Day Trading Strategy
Long-term Trend Direction: Bullish
Order Conditions Met: Yes
Reason: Starting from the low at 77000, we've seen a rally up to the peak at 82750, forming a complete bullish wave; currently in a corrective consolidation phase with higher lows, indicating a healthy pullback and accumulation for a retest. The current price at 80500 is in the middle of the wave, far from the high, which is suitable for placing a long order below the strongest support in line with the prevailing trend.
Limit Order Price: 79150 (below the strongest support)
Stop Loss (Structure Violation): 78680 USDT
TP1: 80000
TP2: 81000
Order Explanation: Place the order at 79150, waiting for the price to retrace to the strong support zone of 79200-79400 and show a spike before execution. There's no rush to fill the order immediately; it may take several hours to a day of waiting.
Long-term Trend Direction: Bullish
Order Conditions Met: Yes
Reason: Starting from the low at 77000, we've seen a rally up to the peak at 82750, forming a complete bullish wave; currently in a corrective consolidation phase with higher lows, indicating a healthy pullback and accumulation for a retest. The current price at 80500 is in the middle of the wave, far from the high, which is suitable for placing a long order below the strongest support in line with the prevailing trend.
Limit Order Price: 79150 (below the strongest support)
Stop Loss (Structure Violation): 78680 USDT
TP1: 80000
TP2: 81000
Order Explanation: Place the order at 79150, waiting for the price to retrace to the strong support zone of 79200-79400 and show a spike before execution. There's no rush to fill the order immediately; it may take several hours to a day of waiting.