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Surprise! The BTC 5000 death line hides secrets: How to accurately buy low and sell high in the bull-bear meat grinder market?
The BTC daily chart has finally produced its second bearish line, the process has been more tortuous than expected; this does not mean that BTC is going to fall, but rather that BTC is unable to break the previous high after staying near it for several days and has to fall; macro-wise, BTC is still in a bull run, while locally both bulls and bears are showing their performance, and the fighting is quite intense; at the ultra-short level, both bullish and bearish positions are possible, but one point to note is to have space: go long when it falls near the previous low, and go short when it rises near the previous high; The 5000 level is an important support level. If it doesn't break, the market will still be tangled. There will be extreme tug-of-war between bulls and bears. If it breaks below 5000, it will accelerate the fall and create more space downwards. I judge that there is a high probability it won't break, and there is hope to form a bull-bear box oscillation between 5000 and 8000. This way, the struggle between bulls and bears will be slightly less intense and more comfortable. In terms of trading strategy, sell high and buy low. Be mindful that whether you are trading a rise or a fall, there needs to be room for movement. Also, pay attention to going long after multiple consecutive falls and going short after multiple consecutive rises. Don't cling to battles; if you haven't seen the expected trend within an hour of entering, exit decisively. If the trend aligns with expectations, hold firmly and aim to reach the target position.