Tuesday Morning Bitcoin (BTC) Strategy: High-level Fluctuation, Sell High and Buy Low



Yesterday, Jingyi adhered to a low-buying strategy, earning 43,000 yuan with 5 trades. In the evening, a surge directly pushed the price to the 820 profit-taking level, very nice.

Currently, from the 4-hour chart, the Bollinger Bands are narrowing and flattening, with the upper and lower bands locking the price within a consolidation range. There is no clear bullish or bearish trend, only suitable for selling high and buying low, avoiding chasing a trend. The short-term moving averages are intertwined and close together, with no bullish/bearish alignment. The market is consolidating sideways, with upward attempts met by resistance and then pulling back, and downward dips supported by bounce levels. If the price touches resistance but does not break through, it’s a high-level sell; if the support level is tested but not broken, it’s a low-level buy.

Direction: Range-bound with a slight bullish bias. Support at 80,000/79,000, resistance at 82,000/84,000.

Trading Suggestions
BTC: Sell high at 805-815, buy low, and watch for a breakout to determine the trend. #Gate广场五月交易分享
BTC-1.32%
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