Bitcoin (BITCOIN) has shown continued weakness on both the 1-hour and 4-hour charts. For example, on the 1-hour chart, the price has been consistently suppressed by the EMA21, with virtually no resistance. In this situation, the spot trading strategy is to continue waiting, awaiting high-odds positions and high-odds signals. High-odds positions can be planned in advance, but key signals must be confirmed upon their appearance; both are essential.
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