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BTC has indeed broken below 90,000 as expected. Is it time to buy the dip now?
Market Analysis: Key Points
1. Trend and Indicators: Bitcoin is currently under pressure from various EMA lines, and a bullish crossover has not occurred, indicating that it is still not the time for large-scale buying. However, aggressive traders may consider pyramid-style positioning around 90,000.
2. Fibonacci Confirmation: 115,000 (0.786) has been confirmed as an important resistance level. The price has perfectly broken below and confirmed with a retest, with the first take-profit level of 94,000 already achieved.
3. Future Targets: The next important target is 86,000, which has a high probability of being reached; the final target of 74,000 is difficult to achieve in the short term unless a significant black swan event occurs.
Trading Strategy: Short Position Take-Profit and Bounce Layout
1. Short Position Suggestions: For short positions opened above 100,000, it is recommended to take profit at around 90,000 for 30-40%; conservative traders may continue to look at 86,000, while aggressive traders can leave half to aim for the final profit of 74,000.
2. Short-term Bounce Opportunities: As the price declines, the resistance increases, and the probability of a rapid bounce increases, small intraday bounce trades may be considered.
3. Long-term Holding Advantages: Entering the market through bounce trades is a stable choice. Once the trend reverses, the better price position of these contracts allows you to hold longer and more easily capture significant one-sided market gains.
Market Analysis: Key Points
1. Trend and Indicators: Bitcoin is currently under pressure from various EMA lines, and a bullish crossover has not occurred, indicating that it is still not the time for large-scale buying. However, aggressive traders may consider pyramid-style positioning around 90,000.
2. Fibonacci Confirmation: 115,000 (0.786) has been confirmed as an important resistance level. The price has perfectly broken below and confirmed with a retest, with the first take-profit level of 94,000 already achieved.
3. Future Targets: The next important target is 86,000, which has a high probability of being reached; the final target of 74,000 is difficult to achieve in the short term unless a significant black swan event occurs.
Trading Strategy: Short Position Take-Profit and Bounce Layout
1. Short Position Suggestions: For short positions opened above 100,000, it is recommended to take profit at around 90,000 for 30-40%; conservative traders may continue to look at 86,000, while aggressive traders can leave half to aim for the final profit of 74,000.
2. Short-term Bounce Opportunities: As the price declines, the resistance increases, and the probability of a rapid bounce increases, small intraday bounce trades may be considered.
3. Long-term Holding Advantages: Entering the market through bounce trades is a stable choice. Once the trend reverses, the better price position of these contracts allows you to hold longer and more easily capture significant one-sided market gains.