Wednesday



Yesterday's short position ultimately hit stop loss. After the US stock market opened overnight, the highest was around 71,700. After a period of stagnation, it slowly declined again. Currently, it is adjusting around the 70,000 level.

The current position is quite awkward, located in the middle of a large-cycle oscillation and adjustment zone. Therefore, I will abandon swing trading for now and focus on short-term intraday operations.

On the 1-hour chart, it retraced near the lower Bollinger Band but did not continue downward. Instead, it started to rebound slowly. It has not yet reached the resistance zone and still has some room to rebound. So, for the day, I will wait. After reaching the resistance zone, I will then consider taking action.

Recommend buying in the 69,500-70,000 area, and shorting in the 73,000-73,500 area.
Limit each trade's loss to within 5% of the total position.
BTC0,4%
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