Brothers, have you been watching the market? The 4-hour chart of Bitcoin is a bit interesting — the price is stuck below the middle Bollinger band, oscillating without going up or crashing down, like it's holding back something.
From the chart, after a surge to 94588, it hasn't caught its breath and is now quoted at 89465. Both moving averages are pressing down from above, and the short-term momentum is indeed weak. So the evening strategy is simple: don't guess the bottom, don't chase shorts, just wait for a rebound to short.
The key resistance area is around 90000-90500. Here, it is both the middle band resistance and a small platform from earlier. If it rebounds to this area and shows stagnation or a long upper shadow, that's a position to watch for a short. The target is first to look at the 88000 area.
Remember, don’t rush to go all-in just because of a drop, especially in this kind of choppy market. Use about 10% of your position to test the waters, place the stop loss a little above the previous high, you won't get hurt if you lose, and treat any gains as a bonus. If it really breaks down past 88000 with volume, then consider the next step.
The market is never short of opportunities; what it lacks is the patience to wait for them. Take it steady, and I’ll watch the market with you tonight.
I’m Brother Niu, trading is not complicated, what’s complicated is human nature.
