[Black swan? Where’s the support? Recharge your faith!]
Objective chart: The 75K area is strong support. 79.4K is current resistance.
Subjectively: Although I’ve been bearish for over a month and keep saying BTC could still drop to 60K in the bigger cycle, the 75K–76K range is objectively a major support zone. I don’t think it can break straight through.
Everyone’s scrolling through the news today, and it’s all bearish. Some are calling for 70K, others 60K. But do you remember yourself, back when BTC was above 80K, saying you’d enter if it came back to 78K?
Don’t panic! Respect the objective chart~
Trading advice:
If you’re short from above 80K, just move your stop to around 79.5K. You can continue reducing your position around 76K.
If it retests the 75K–76K area tonight and holds (with some volume), you can take a shot at a long, with your stop at 75K or the low of the wick at the time. Stop loss around 1,000 points; take profit above 2,000 points, with a final target around 79K. The risk/reward ratio is reasonable too. 【Only enter after a break below 75K and reclaim, or after a high-volume wick around 76K followed by consolidation! If it crashes straight through 75K, there’s no entry opportunity at all!】
Plan your trades, trade your plan!~
$BTC #BTC跌至7.7万美元
Objective chart: The 75K area is strong support. 79.4K is current resistance.
Subjectively: Although I’ve been bearish for over a month and keep saying BTC could still drop to 60K in the bigger cycle, the 75K–76K range is objectively a major support zone. I don’t think it can break straight through.
Everyone’s scrolling through the news today, and it’s all bearish. Some are calling for 70K, others 60K. But do you remember yourself, back when BTC was above 80K, saying you’d enter if it came back to 78K?
Don’t panic! Respect the objective chart~
Trading advice:
If you’re short from above 80K, just move your stop to around 79.5K. You can continue reducing your position around 76K.
If it retests the 75K–76K area tonight and holds (with some volume), you can take a shot at a long, with your stop at 75K or the low of the wick at the time. Stop loss around 1,000 points; take profit above 2,000 points, with a final target around 79K. The risk/reward ratio is reasonable too. 【Only enter after a break below 75K and reclaim, or after a high-volume wick around 76K followed by consolidation! If it crashes straight through 75K, there’s no entry opportunity at all!】
Plan your trades, trade your plan!~
$BTC #BTC跌至7.7万美元
