BTC is currently weak, with a continuous dip after a short-term support at the 94k level. The moving average pressure is evident, but there has not been a destructive higher trade volumes, indicating that the market is still exploring the bottom. When there is no certainty in the short-term direction, the focus should be on defense.
My operational suggestion is to hold a light position around 94k and wait for confirmation. If there is a rebound back to around 100k and it gets rejected, a short position can be taken with a target around 95k and a stop loss placed above 101k. If a breakout occurs with higher trade volumes, quickly follow up with a long strategy.
Don't put too much weight on your position. Once market sentiment is driven by news or large players, the pullback can be rapid. Stop-loss and position management are the long-term solutions. #美国结束政府停摆 #Gate10月透明度报告出炉 #CoinDesk10月Gate战绩来袭 $BTC $ETH
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
BTC is currently weak, with a continuous dip after a short-term support at the 94k level. The moving average pressure is evident, but there has not been a destructive higher trade volumes, indicating that the market is still exploring the bottom. When there is no certainty in the short-term direction, the focus should be on defense.
My operational suggestion is to hold a light position around 94k and wait for confirmation. If there is a rebound back to around 100k and it gets rejected, a short position can be taken with a target around 95k and a stop loss placed above 101k. If a breakout occurs with higher trade volumes, quickly follow up with a long strategy.
Don't put too much weight on your position. Once market sentiment is driven by news or large players, the pullback can be rapid. Stop-loss and position management are the long-term solutions. #美国结束政府停摆 #Gate10月透明度报告出炉 #CoinDesk10月Gate战绩来袭 $BTC $ETH