I checked the BTC trend this morning, and to be honest, the downward momentum is quite clear.
The price has now broken the middle track, and the Bollinger Bands are opening downwards. In the short term, the adjustment is not over yet. The most critical level right now is at 84325; if this level cannot be held, there may be deeper retracement space ahead. We also need to pay attention to the macro sentiment, as the correlation between the cryptocurrency market and traditional finance is becoming stronger.
In terms of operation, I personally feel that now is not the time to chase the dip; reducing positions at highs to control risks is more prudent. If the price rebounds and fluctuates in the range of 87000-87400, one might consider laying out some short positions, targeting around 85500. However, it is essential to test with a light position, and profit-taking and stop-loss must be set in advance; do not confront the market head-on.
Position management is always more important than seizing the market situation. #数字货币市场回调 $BTC $BNB
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I checked the BTC trend this morning, and to be honest, the downward momentum is quite clear.
The price has now broken the middle track, and the Bollinger Bands are opening downwards. In the short term, the adjustment is not over yet. The most critical level right now is at 84325; if this level cannot be held, there may be deeper retracement space ahead. We also need to pay attention to the macro sentiment, as the correlation between the cryptocurrency market and traditional finance is becoming stronger.
In terms of operation, I personally feel that now is not the time to chase the dip; reducing positions at highs to control risks is more prudent. If the price rebounds and fluctuates in the range of 87000-87400, one might consider laying out some short positions, targeting around 85500. However, it is essential to test with a light position, and profit-taking and stop-loss must be set in advance; do not confront the market head-on.
Position management is always more important than seizing the market situation. #数字货币市场回调 $BTC $BNB