Hello, hello! Welcome to the exclusive channel of new crypto UP host—student Xiaobai! Here, I will bring you daily unpaid 'real market analysis'. Please do not take it seriously; it's purely for entertainment (disclaimer). If there are any similarities to predictions, it’s purely coincidental (dog head).
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Remember, trading is just a growth journey in our lives. Don't pay too much attention to gains and losses; happy trading is what matters.
Let's first look at the daily chart of Bitcoin:
The bearish candle with an extremely long lower shadow and increased volume, but the closing is above 972, which is quite good.
Friends who placed stop losses at 1005 for short positions yesterday should have also benefited from this wave of shorts, with a maximum of 100481 (dog head) yesterday. I ran quite fast and exited at 972. Then last night, I placed an order at 943 with a stop loss of 940 and also caught a wave of longs, exiting manually at 972. It's nice to catch both long and short.
The reason I didn't continue holding long positions is mainly due to concerns about the risk of a drop after seeing the daily close, so I took profit early.
Now let's look for today's trading opportunities in a smaller timeframe:
On the 4-hour level, we can see that the closing line looks quite good. The red line resistance has effectively turned into support. Friends with long positions and no take profit can set a stop loss at 972 and observe the pressure situation around 996～990 above. If it breaks 996, the stop loss can be moved up to 990.
Key resistance above: 984～990～996～1004～1013～1040
Key support below: 972～940～902
Today's trading strategy is as follows:
Short: 996 stop loss 1005, 1013 stop loss 1020, 1040 stop loss 1047
Long: 972 stop loss 969, 940 stop loss 933, 904 stop loss 899
The morning trading strategy analysis is complete. What do you think, dear viewers? Feel free to exchange and discuss in the comments. Here is your little novice who provides daily unpaid analysis (heart emoji).