Bitcoin continues to set new highs. Due to being in a new high position, it is difficult to grasp the high points above, so identifying psychological resistance areas is very important. At this time, it is not advisable to short; instead, entering long positions during the pullback range is more favorable.
Resistance levels reference:
First resistance level: 81400
Second resistance level: 82000
Support levels reference:
First support level: 80600
Second support level: 79900
Today's trading suggestion:
When the price breaks through the first resistance, you can raise the low point because after breaking the resistance, it will turn into support. It is recommended to raise the low point and set a risk-reward ratio range.
The advantageous closing position during the current adjustment can be set at the first support. If Bitcoin holds above 81K, you can enter positions in phases.
Because it is at a high position, it is not recommended to enter when the candlestick is bullish; it is advisable to enter during the bearish adjustment range, buying in batches, and increasing holdings during pullbacks to form a more favorable average purchase price.
Today's suggestion, under strong buying conditions, is to maintain a rebound view and pay attention to entering during the pullback range. Bitcoin continues to raise the low points, showing a healthy upward trend. Given the unknown high points, it is recommended to take partial profits in the psychological resistance area and gradually accumulate gains.
11.11 Advisor's segment pre-burial:
Long entry position reference: Pullback in the 80000-80600 range, Target: 81400-82000
