December 4 BTC Operation Plan
In the morning session today, BTC price quickly surged, touching $96,750 before starting to pull back. Looking back at yesterday's price movement, this pullback seems to be a 'trap' for short sellers. Last night, I recommended long positions around $93,700, perfectly capturing the support for the bottom rebound, which brought in good profits. Previously, within the $94,000-$94,566 range, I have provided multiple strategies for bottom fishing rebounds, all of which have been mentioned in earlier texts.
Intraday Operation Strategy:
Focus on the four-hour chart and daily level triangular fluctuation range. As an entry point for short-term operations, consider establishing short positions near the upper edge of the triangle at $97,500-$98,000, with a target range looking down at 1,000-1,500 points.
News Analysis:
Current market sentiment is relatively cautious, especially before the release of major non-farm payrolls, minor non-farm payrolls, and CPI data, leading to a cooling of bullish sentiment in the market. Additionally, with political factors such as Trump’s influence, market uncertainty has increased, so operations need to be more cautious.
Overall, the intraday operation strategy will focus on the fluctuations of prices within the oscillation range, making reasonable use of the upper and lower edges of the price for short-term setups.
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