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Bitcoin has surged again, do we still have a chance for the bears?
These days, I haven't updated the strategy as the rebound has come up, and I've only shorted near 100,000 without participating in longs, so if there's no opportunity, I won't update any strategy. Currently, the Bitcoin price is around 98,200, and the Bollinger Bands on the daily chart are gradually tightening. From a four-hour perspective, there is some pressure at this level, and it is unlikely to go long. Currently, the upper band is suppressing, with resistance levels at 98,200-98,880. The position to watch below is around 97,000, so if the shorts reach this position, one should reduce the position by half or adjust to break-even. Let's discuss from a smaller timeframe:
On the hourly chart, the RSI9 has started to show signs of turning down, and the OBV indicator is showing a demand for a downward turn. The KDJ on the 30-minute chart is about to form a death cross, which has a high probability of accelerating the pullback. This position is still worth betting on a short, and I suggest shorting directly at the current price of 98,150, with a supplement near 98,880. The specific strategy is as follows:
Short Bitcoin at the current price of 98,150, supplement once at 98,880, defend at 99,200, and target 97,200-95,700, and continue to look down on breaking levels. The above is purely personal opinion, please consider carefully.
These days, I haven't updated the strategy as the rebound has come up, and I've only shorted near 100,000 without participating in longs, so if there's no opportunity, I won't update any strategy. Currently, the Bitcoin price is around 98,200, and the Bollinger Bands on the daily chart are gradually tightening. From a four-hour perspective, there is some pressure at this level, and it is unlikely to go long. Currently, the upper band is suppressing, with resistance levels at 98,200-98,880. The position to watch below is around 97,000, so if the shorts reach this position, one should reduce the position by half or adjust to break-even. Let's discuss from a smaller timeframe:
On the hourly chart, the RSI9 has started to show signs of turning down, and the OBV indicator is showing a demand for a downward turn. The KDJ on the 30-minute chart is about to form a death cross, which has a high probability of accelerating the pullback. This position is still worth betting on a short, and I suggest shorting directly at the current price of 98,150, with a supplement near 98,880. The specific strategy is as follows:
Short Bitcoin at the current price of 98,150, supplement once at 98,880, defend at 99,200, and target 97,200-95,700, and continue to look down on breaking levels. The above is purely personal opinion, please consider carefully.
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BTC
99,516.9
-0.10%
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