4.28 Tuesday | BTCÐ Trading Ideas


Yesterday, “the big cake” (BTC) surged upward and lured buyers, then followed with a rally to highs and a pullback. The rebound high-short strategy provided in the morning perfectly matched the move, and the short positions delivered full profits.

From the four-hour chart, BTC attempted to push higher twice, but neither time could break above the strong resistance overhead, forming a double-top pattern. Currently, the price has fallen below the Bollinger middle band, and bullish momentum has clearly weakened. For the outlook ahead, the rebound will still mainly stick to the high-level shorting idea.

Trading Strategy
BTC: Place short positions in the 77,800-78,500 range, with a target of 76,500; if it breaks through, look lower to 75,000
ETH: Place short positions in the 2,320-23,500 range, with a target of 2,250; if it breaks through, look lower to 2,200

$BTC $ETH $GT
BTC-1.24%
ETH-1.37%
GT-1.21%
View Original
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin