$BTC Bitcoin drops sharply! Will it continue to fall? Can we buy the dip? Let's take a look.
1. BTC is basically in a G pattern now, MACD on the daily chart has a death cross, signaling the end of the rebound wave, returning to a long-term downtrend. At least until the January end meeting, it will remain weak. Now that it has fallen so much in the short term, can we rebound? 2. Around $BTC 9.1K actually has some support, as we discussed yesterday. Aggressive traders can try to catch a rebound of over 1000 points with about 60-70% chance of success. A more stable approach is to do non-directional trading, waiting for a significant rebound before shorting. 3. However, these are relatively poor choices. The truly best strategy is to set up long-term short positions in two major resistance levels at 9.45K and 9.8K in batches, and hold them. I believe most traders are in this advantageous situation. There's no need to overthink why you didn't short or got caught in a long position; address the root of the problem. #现货黄金再创新高 $BTC
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$BTC Bitcoin drops sharply! Will it continue to fall? Can we buy the dip? Let's take a look.
1. BTC is basically in a G pattern now, MACD on the daily chart has a death cross, signaling the end of the rebound wave, returning to a long-term downtrend. At least until the January end meeting, it will remain weak. Now that it has fallen so much in the short term, can we rebound?
2. Around $BTC 9.1K actually has some support, as we discussed yesterday. Aggressive traders can try to catch a rebound of over 1000 points with about 60-70% chance of success. A more stable approach is to do non-directional trading, waiting for a significant rebound before shorting.
3. However, these are relatively poor choices. The truly best strategy is to set up long-term short positions in two major resistance levels at 9.45K and 9.8K in batches, and hold them. I believe most traders are in this advantageous situation. There's no need to overthink why you didn't short or got caught in a long position; address the root of the problem. #现货黄金再创新高 $BTC