BTC has been oscillating upwards since the Long Wick Candle at 56000, with long positions becoming more apparent. Yesterday, in the market analysis, I mentioned to my brothers that as long as today's daily candlestick can close above 59787, it will form a bullish reversal pattern. However, it failed to close above this level and has been sideways near the daily candlestick support level. Nevertheless, this support level is still valid, and today's key focus is to follow the 59787 level. As long as the four-hour closing price breaks above 59787, the market will rally towards the vicinity of 61568. If the four-hour closing price fails to break above 59787, we need to follow the demand for a pullback towards the levels of 58775.57530. If the pullback does not break below these two levels, the bullish view remains. Intraday trading strategy: Long position idea: 1. Wait for the four-hour close above 59787 and then buy Long on the dip, target: 61568.62700. Only exit manually when the four-hour close falls below, don't panic. 2.可在58775.57530这两个位置,低倍Build a Position,杠杆20倍以内,只笋56000. short order thinking: Follow near 59787: Once the four-hour closing breaks, exit manually, target: 58775.57530. The market is fluctuating upwards, and short order may not necessarily bring in too much profit. It is recommended to focus on long positions, with short positions as a supplement.
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2024.9.12 BTC Market Analysis:
BTC has been oscillating upwards since the Long Wick Candle at 56000, with long positions becoming more apparent. Yesterday, in the market analysis, I mentioned to my brothers that as long as today's daily candlestick can close above 59787, it will form a bullish reversal pattern. However, it failed to close above this level and has been sideways near the daily candlestick support level. Nevertheless, this support level is still valid, and today's key focus is to follow the 59787 level. As long as the four-hour closing price breaks above 59787, the market will rally towards the vicinity of 61568. If the four-hour closing price fails to break above 59787, we need to follow the demand for a pullback towards the levels of 58775.57530. If the pullback does not break below these two levels, the bullish view remains.
Intraday trading strategy:
Long position idea:
1. Wait for the four-hour close above 59787 and then buy Long on the dip, target: 61568.62700. Only exit manually when the four-hour close falls below, don't panic.
2.可在58775.57530这两个位置,低倍Build a Position,杠杆20倍以内,只笋56000.
short order thinking:
Follow near 59787: Once the four-hour closing breaks, exit manually, target: 58775.57530.
The market is fluctuating upwards, and short order may not necessarily bring in too much profit. It is recommended to focus on long positions, with short positions as a supplement.