After BTC's violent rebound last week, it did not continue to set a new high. After the sideways fluctuations over the weekend, it temporarily fell below the small range and began to demand support downward. There is indeed a need for a short-term correction. If the daily level cannot be closed at 8 o'clock tomorrow morning, then the daily level may form a bearish engulfing pattern. The risk of chasing the rise in the short term will increase.
The daily level rally has not ended, it is just starting to fluctuate and adjust at a high level. So here comes the trading plan
Support positions that need to be paid attention to during the day
The first support level is 97519
Second support position 96185-95710
The third support position 94851-94377
Pressure points of concern
First pressure position 100080
Second pressure position 101150
Third pressure position 102504
Trading requires following the trend, going with the flow and going against it. When the trend comes, you should ride on it. When the trend changes to the opposite, you should be flexible. Fighting against the trend is like a mantis trying to stop a chariot, which will disrupt your mentality and trading rhythm.
At night, as the US stock market fluctuates, if there is too much fluctuation, friends must remember to stop profit frequently and stop loss decisively when trading. There is no point in holding orders.
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