6.11 Morning Market Overview: BTC Shorts Cash Out 2200 Points
BTC opened with an upward shadow Doji candlestick on the daily chart, marking three consecutive bearish days.
On the 7th, positioned for a BTC short at 6.3, last night we exited all positions for a final profit of 2200 points, with the lowest dip at 60691, exiting at 60806.
Trading is about flexibility, not sticking to a rigid plan. Why wait for 60606 when you can take profits a bit higher? No need to chase that last bit of tail!
BTC's daily chart shows three bearish days in a row, with both highs and lows decreasing. The rebound lacks strength and volume is dwindling, making shorting at highs a more reliable strategy.
BTC continues to fluctuate within a consolidation range, trading sideways around 6.2; high sell and low buy with a defensive stance.
6.28 is the 0.618 resistance level from high to low; 6.03 is the support level.
Looking to long at 6.03 for a potential rebound, with a stop at the previous low of 5.91, targeting around 6.15 and 6.3.
For shorts, enter at 6.3, averaging down at 6.44, with a stop at 6.58, targeting around 6.15 and 6.06.
If you pass by, please give a like and follow, your support means the world! The above information is for market analysis only and should not be taken as trading advice;
Follow me to stay updated with daily insights, latest trends, and position analysis, plus the wealth secrets you seek. Don't forget to like and follow #美国CPI升至4.2%创三年新高 $BTC
BTC opened with an upward shadow Doji candlestick on the daily chart, marking three consecutive bearish days.
On the 7th, positioned for a BTC short at 6.3, last night we exited all positions for a final profit of 2200 points, with the lowest dip at 60691, exiting at 60806.
Trading is about flexibility, not sticking to a rigid plan. Why wait for 60606 when you can take profits a bit higher? No need to chase that last bit of tail!
BTC's daily chart shows three bearish days in a row, with both highs and lows decreasing. The rebound lacks strength and volume is dwindling, making shorting at highs a more reliable strategy.
BTC continues to fluctuate within a consolidation range, trading sideways around 6.2; high sell and low buy with a defensive stance.
6.28 is the 0.618 resistance level from high to low; 6.03 is the support level.
Looking to long at 6.03 for a potential rebound, with a stop at the previous low of 5.91, targeting around 6.15 and 6.3.
For shorts, enter at 6.3, averaging down at 6.44, with a stop at 6.58, targeting around 6.15 and 6.06.
If you pass by, please give a like and follow, your support means the world! The above information is for market analysis only and should not be taken as trading advice;
Follow me to stay updated with daily insights, latest trends, and position analysis, plus the wealth secrets you seek. Don't forget to like and follow #美国CPI升至4.2%创三年新高 $BTC