On Tuesday, Bitcoin oscillated upward testing the 95,000 level, showing signs of a pullback in the early session with a strategy of shorting first and then going long.
Bitcoin surged overnight to around 94,700. Overall, it remains in a oscillating upward trend. Slow gains are the trend, rapid rises are to stimulate the market, and small step-like increases have some continuity. Looking at the Asian session today, there are signs of a pullback, so do not chase highs in the morning. Aggressive traders can directly short around 94,000, while conservative players wait for a pullback above 92,000 before entering long positions.
After closing the long positions laid out yesterday, I reversed and shorted at 93,700. If you followed my advice and added positions at 94,500, you now have a profit of a few hundred points. Why look bullish but short? Because the current market is not a strong trending move. After the US session, it’s reasonable to short at higher points.
Bitcoin: Suggest shorting in the 94,000-93,700 range, targeting 92,000. If it doesn’t break, confidently reverse and go long again, watching the 95,000 level.
A seasoned veteran with eight years of experience, witness to bull and bear cycles, I prefer to walk with the light rather than fight alone. Buddha guides those with fate, only waiting for the dedicated. #加密市场开年反弹
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On Tuesday, Bitcoin oscillated upward testing the 95,000 level, showing signs of a pullback in the early session with a strategy of shorting first and then going long.
Bitcoin surged overnight to around 94,700. Overall, it remains in a oscillating upward trend. Slow gains are the trend, rapid rises are to stimulate the market, and small step-like increases have some continuity. Looking at the Asian session today, there are signs of a pullback, so do not chase highs in the morning. Aggressive traders can directly short around 94,000, while conservative players wait for a pullback above 92,000 before entering long positions.
After closing the long positions laid out yesterday, I reversed and shorted at 93,700. If you followed my advice and added positions at 94,500, you now have a profit of a few hundred points. Why look bullish but short? Because the current market is not a strong trending move. After the US session, it’s reasonable to short at higher points.
Bitcoin: Suggest shorting in the 94,000-93,700 range, targeting 92,000. If it doesn’t break, confidently reverse and go long again, watching the 95,000 level.
A seasoned veteran with eight years of experience, witness to bull and bear cycles, I prefer to walk with the light rather than fight alone. Buddha guides those with fate, only waiting for the dedicated. #加密市场开年反弹