Recently, BTC's trend has been largely in line with expectations. Last night's precise long entry opportunity was at the order point of 89305, with the low touching 89268, perfectly entering the position. This level happens to be the last low of the descending wedge pattern, which is now complete.
From a technical perspective, the descending wedge itself is a bullish signal. Coupled with the newly emerging head and shoulders bottom pattern on a smaller timeframe, the probability of a rebound has significantly increased. Considering the resonance of these two patterns, the next target of 93,000 has a high chance of being reached.
Currently, the profit from the long positions is around 2000 points. At this stage, traders can adjust their strategies based on their position size — a prudent approach is to set a breakeven stop-loss and hold, or traders with larger positions can choose to take partial profits in batches, locking in gains while maintaining the opportunity to participate in the subsequent upward movement.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
24 Likes
Reward
24
5
Repost
Share
Comment
0/400
ser_ngmi
· 01-09 05:51
Did you get on at 89268? Damn, you're really lucky. I almost took that order at the high point that day, haha.
View OriginalReply0
FastLeaver
· 01-09 03:52
89305 that level is really amazing. I was also part of that wave to get in. Now it's just a matter of whether 9.3 can break through.
View OriginalReply0
MEVictim
· 01-09 03:51
89268 precise bottom-fishing, no one can match this luck. Next target is 93000, waiting for you.
View OriginalReply0
BasementAlchemist
· 01-09 03:40
I entered at 89305, I also missed out. If I had known earlier, I wouldn't have gone to sleep so early.
View OriginalReply0
MetaDreamer
· 01-09 03:39
Damn, that point at 89305 was really amazing. I was also watching the market at the time but didn't react in time and missed it. Now I'm so regretful that I feel sick.
Recently, BTC's trend has been largely in line with expectations. Last night's precise long entry opportunity was at the order point of 89305, with the low touching 89268, perfectly entering the position. This level happens to be the last low of the descending wedge pattern, which is now complete.
From a technical perspective, the descending wedge itself is a bullish signal. Coupled with the newly emerging head and shoulders bottom pattern on a smaller timeframe, the probability of a rebound has significantly increased. Considering the resonance of these two patterns, the next target of 93,000 has a high chance of being reached.
Currently, the profit from the long positions is around 2000 points. At this stage, traders can adjust their strategies based on their position size — a prudent approach is to set a breakeven stop-loss and hold, or traders with larger positions can choose to take partial profits in batches, locking in gains while maintaining the opportunity to participate in the subsequent upward movement.