Everyone settle in, Bitcoin is about to break in this position!!!

Yesterday, the daily chart closed with a long lower shadow small bullish candle, but the 76,000 level is stubbornly holding down. It’s never stable above.

Volume contraction and oscillation are the easiest to deceive.

Either do nothing, or suddenly push higher and then a sharp drop.

Here are some key points:

Above, the 76,000 and 77,500 levels are short positions, just place orders in batches, don’t chase.

Below, the 73,500 and 72,000 levels are long accumulation zones; consider entering when reached, watch otherwise.

The 4-hour Bollinger bands are flattening; if the price stabilizes above EMA5 at 4 p.m., there might be a false move to trap longs overnight, don’t get caught up.

There are only two rules for trading: short at resistance, long at support, and set stop-losses tightly.

The most feared thing in oscillating markets is getting caught in a back-and-forth face slap; control your hands.

The direction will be decided soon, don’t blame not preparing in advance when it happens!!!

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