September 4 BTC trading strategy analysis



1. Trend: The price faced resistance at the 112500 pressure level after a rise, retracted under the pressure of the upper Bollinger Band, stabilized at the 111500 support level, and is currently in a consolidation phase.
2. Judgment: The support strength at 111500 is confirmed, and the pullback is a technical correction after the previous consecutive bullish candles, not a trend reversal;
3. Strategy: Morning approach, focus on the pullback opportunity at 111500, and choose the right time to layout the trading strategy.
trading strategy:
Buy BTC around 111200—111500.
Targeting 113500, 115300, long-term looking at 118000
BTC1.24%
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