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Good afternoon, I am Warehouse God Wang Ge.
Current quote: 69,200, daily increase 0.09%, after a surge to 69,588.00 in the 5-minute chart, it has continued to fluctuate under pressure. Bullish momentum has completely exhausted, and bears are dominating the medium-term correction. The core trading strategy is to short at high levels within the large range, with strict stop-loss risk control.
. Short position strategy (trend-following short at high levels, core strategy)
• Entry conditions: ① Price rebounds to the 69,300-69,400 (upper band) zone,
• Take profit targets (partial profit at different levels within the large range): First target: 69,000-68,900 (middle band), reduce position by 50%;
• Short-term (1-3 hours): The bearish trend is clear, most likely oscillating downward within the large range of 68,300-69,400, with rebounds being the optimal entry point. #btc