📝BTC continued to decline today but encountered support above the $110,000 level and staged a slight rebound. We reminded traders to take profits in a timely manner around the $110,200 mark and urged them not to blindly chase the downward move. We also advised that if the price continued to drop to around $110,000, traders could consider entering small-position long trades, but they must set stop-losses properly.
💎Subsequently, Bitcoin’s trend fully aligned with our forecast—it rebounded and rose from around $110,200. For those traders who just established long positions following our advice, they can now also choose to take profits and avoid blindly chasing the upside to prevent losses.
💎Subsequently, Bitcoin’s trend fully aligned with our forecast—it rebounded and rose from around $110,200. For those traders who just established long positions following our advice, they can now also choose to take profits and avoid blindly chasing the upside to prevent losses.
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For Bitcoin trading, we consistently adhered to our core analytical framework of "Prioritizing Trend Direction, Verifying Key Levels, and Corroborating with Capital Sentiment": we decisively guided short positions at high levels, and also accurately captured support signals near the 110,000 level to enter long positions. Both two-way strategies yielded satisfactory returns.Welcome to join my free channel for market updates: t.me/+EZspzjD8FT40YTY8
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Daily update professional financial trading strategies: t.me/+6i-kmFunsMVkNzQ0
Let profitable trading become easier: t.me/+EZspzjD8FT40YTY8
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Welcome to join my free channel for market updates: t.me/+EZspzjD8FT40YTY8
Daily update professional financial trading strategies: t.me/+6i-kmFunsMVkNzQ0
Let profitable trading become easier: t.me/+EZspzjD8FT40YTY8
Daily update professional financial trading strategies: t.me/+6i-kmFunsMVkNzQ0
Let profitable trading become easier: t.me/+EZspzjD8FT40YTY8
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.