$BTC Successfully reached the short-term target, as expected. The position at 85303 was fully taken for profit or defensive measures the day before yesterday. Whether we can hold for a medium-term view above 96000 depends on personal choice. However, it is absolutely not allowed to incur floating losses.

$BTC Bitcoin's current 4H trend is rebounding, and it will turn into a sideways fluctuation over the weekend, waiting for direction choice. The probability of breaking through and falling below the fluctuation range is fifty-fifty. Here, we do not guess the direction; any direction stated is merely a guess. What is correct to do is to know where to short at the breakout and where to go long at the breakdown. The thought process is as follows:

🔥 The points mentioned are approximate positions, not absolute positions!

🌕 Intraday short-term: high sell and low buy during sideways fluctuation, Bitcoin does not recommend trading this fluctuation range. (93155-90121)

🌕 Short position at the breakout of the fluctuation range:

Around 96151 (short)
Around 103860 (short)
Around 107393 (short)

Stop loss of 600-800 points is enough. After floating profit, dynamically push the stop loss. The target take profit can be found at the support below.

🌕 Long position at the breakdown of the fluctuation range (suitable for spot trading):

Around 88084 (short long)
Around 85303 (medium-term long position)
Around 83507 (first replenishment for medium-term long position)
Around 78535 (lottery pin replenishment for medium-term long position)

Complete the position, and set the stop loss according to the last average price at 800-1000 points stop loss.

In December, the focus is on Ethereum, and trading Bitcoin mainly accompanies Ethereum.

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