$BTC Future 24-hour trend prediction
Currently, in terms of 1-hour K technical indicators for Bitcoin, there are certain bearish signals. However, the trading volume has significantly increased during the price surge and has since retreated. It is expected that in the next 24 hours, the Bitcoin price may fluctuate around the current price. If it can gain support (such as EMA (25) or key support levels below), there may be a certain rebound. However, the previous high of 94,555.0 and the 20-day moving average around 96,000 will create pressure. If it cannot break through the resistance level, there is still a risk of another decline.
Trading Strategy
Short-term trading strategy: If engaging in short-term trading, one can go long with a light position when the price pulls back to around 91,885.4 and shows signs of halting the decline, targeting the range of 93,673.4 - 94,555.0, with a stop-loss set below 90,946.8, such as around 90,500, to control risk. If the price rebounds to around 93,673.4 and faces resistance, showing bearish signals such as a death cross, one can go short with a light position, targeting the range of 91,885.4 - 90,946.8, with a stop-loss set above 94,555.0, such as around 95,000.
Position management and risk control: Regardless of going long or short, the position should not be too heavy. It is recommended to control it within 10% - 20% of the total capital to cope with the high volatility of the cryptocurrency market. At the same time, closely monitor news related to U.S. interest rate cuts.
