Bitcoin's 74,000 is not the end. Short-term traders should be cautious with risk management when shorting at higher levels, exiting positions promptly and avoiding a long-term perspective. This month's strategy is primarily long positions with short positions as a secondary approach, 80% long and 20% short. I've identified the "top" of the rebound after the bottom at 59,800, which I believe is around 83,300. Long positions should keep an eye on this. If it surges to 80,000, be wary of a potential pullback. Only a firm hold above 83,300 can confirm a preliminary trend reversal. A firm hold above 86,800 would be a secondary confirmation of the trend reversal signal. This is a crucial turning point for the future direction. If it turns downwards from here, a new downward wave is clearly defined. ETH's rebound top is between 2550 and 2626. Be wary of a potential pullback after reaching this level. SOL's rebound top is between 104 and 106. Be wary of a potential pullback after reaching this level. Whether it can push higher remains to be seen after reaching these levels. Tonight's Fed report will be released late, and tomorrow's non-farm payrolls data will be released. Don't chase the market above 72,000. A pullback to 71,400-70,850 or lower would be a good entry point. 69,000 has become support. The bulls' defensive base has moved up from 65,000 a couple of days ago to 69,000. This opens up 4,000 points of upside potential. If it pushes another 4,000 points to around 78,000, the defensive base will move up to 73,000. This is the short-term defensive strategy. Ignore the smaller levels of 75,750 and 76,800. When the daily chart shows a pullback to the 3- or 5-day moving average, the upward momentum is stronger than that of the 1- or 2-day moving average. Targets for long positions should only be the larger price levels.
Risk and Disclaimer:The content shared by the author represents only their personal views and does not reflect the position of CoinWorldNet (币界网). CoinWorldNet does not guarantee the truthfulness, accuracy, or originality of the content. This article does not constitute an offer, solicitation, invitation, recommendation, or advice to buy or sell any investment products or make any investment decisions
No Comments
edit
comment
collection24
like22
share