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.🏧🏧#比特币 Trading Strategy for April 28th, 2014
❤️Market Analysis:
Big Cake broke below the 4-hour uptrend line last night, then immediately closed back up; we placed a long order at the very bottom. At this moment, the price is at a critical point in the bulls vs bears battle!
After the price pulls back to retest the trend line, there are signs of stabilization on a smaller timeframe, but there is not yet a clear breakout with a strong volume-confirmed bullish candle to confirm support. If support holds, it’s an opportunity to buy the dip and board the trade; if it breaks down, it means a trend reversal signal!
❤️Trading Plan:
Pull back to around 76,600, look for stabilization and go long
Test around 78,900; if a bearish signal appears, enter a short
✍️Key Levels
Key support levels: 76,500 75,000
Key resistance levels: 78,300 79,400