Brief: Bitcoin's upper resistance has not been effectively broken through. What should we do next? I will answer your questions
At the end of the article, we will update today's specific strategy. Please read it patiently
Hello everyone, it's a new week again. I took a day off yesterday and stopped updating for a day. I didn't expect that the volatility was still large yesterday. After completing our third target of 63400, the price of the currency was under pressure and came to the 60200 line.
Last week's highlights:
Monday, October 7: Bitcoin was given to 64300 shorts, and the subsequent currency price reached a maximum of around 64440. The subsequent market conditions were more in line with our accurate completion of the third target of 60400, completing 3900 points.
October 10:
Remind everyone that after completing our short order target, you can't chase the short. Give 60700-60000. There are many reverse ideas. The CPI data released in the evening is short-term negative. We stopped the long order and lost 1300 points. Members reminded that there was a small loss after the interest rate was announced, and 300 points ran away, but the square did not issue a reminder, so this order is recognized.
October 11th
Reminder: CPI short-term negative minimum 58900 is the bottom of this callback. If it reaches the current price of 60500, you can directly buy more and complete the third target of 63200, which is 2700 points in between.
October 12th:
Reminder: Those who don’t have orders can continue to enter the market at 62500-62200. Subsequent reminder: 63400 is an important pressure point this time. Take part of the profit or lock in the profit, which is also 1000 points.
This week:
3900-1300+2700+1000=6300
Let's talk about today's ideas:
Currently $BTC is around 62500. As shown in the figure below, it dropped to the marked support range last night and ushered in a new upward trend in the morning. The upper pressure around 63000 needs to be paid attention to. The position of 60500 is still in the support range. It is recommended to continue to increase with a light position. As for those who still have more than 60500 orders in hand, they can continue to hold them. (Friends with light positions) Due to time constraints, I will not talk too much about the technical aspects. Just pay attention to the current price of 62500 to participate in long orders, and cover the position near 61700 below.
The specific strategy is as follows:
$BTC Enter the market with long orders at 62500-61700, defend at 61500, target at 63300 (reduce some positions) - 64200-64800-65500 - continue to look up after choosing to stop profit in batches according to the actual trend.
The above is purely personal opinion, please consider it carefully.
The key point is, my 2000 followers are not human-machine, right? Loyal fans reply below: received
