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Recently, the market trend over the past month shows Bitcoin slowly rising or turning into a rally during weekends. After spiking at the beginning of the week, it directly faces resistance and pulls back at the end of the week. Recently, weekend gains have been the most obvious, which is also what Sister Ying has emphasized before—that weekends are mainly for long positions, with a win rate of about 95%.
If the expected trend plays out, Bitcoin is likely to test the 112,000 to 113,000 range before facing resistance and pulling back. However, an earlier pullback is also possible. Therefore, holding a light position around 111,000 and waiting for the early morning market movements is advisable. Meanwhile, continue to monitor the support level around 108,000 below.
To avoid missing out on the anticipated market move, it’s crucial to control your position size. Only with subsequent rebounds can there be room for additional margin replenishment, which not only lowers the average entry price but also allows for full position coverage. #BTC