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The current market trend is essentially a bear market rebound. The four-hour rebound momentum has already shown signs of weakening. The main intraday strategy is to "short on rallies," divided into three scenarios:
Conventional rally scenario: Lightly short near the previous high resistance zone at 71,500-72,000, with a strict stop-loss above 72,500.
Take profit: 70,500-70,000. If you want to hold for more, take profit at 69,500-69,000.
Pullback then rebound scenario: If the price pulls back to the support zone at 69,000-69,500, you can attempt to short again at 70,500-71,000, with the same stop-loss and target, to avoid selling at a low point.
Sudden breakout scenario: If the price breaks through 72,500 and stabilizes, wait for a strong resistance at 74,000-75,000 before re-entering. #Gate广场四月发帖挑战 #btc