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Friday Morning Bitcoin Jing Yi's Trading Thoughts
Early morning Bitcoin retraced to 79188 to halt the decline, surged over 3000 points, and regained above 82000. Bitcoin quickly gained 5887 points, 37332 oil. Second Bitcoin gained 35 points, 3485 oil. Most people cannot hold their positions, only because they lack independent judgment; trading based on sentiment is hard to sustain. Jing Yi's recorded strategies are publicly available for self-checking past strategies.
The current market shows BTC back to high-level consolidation. Previously, breaking below 78700 was a trap to shake out traders, then it surged back to the previous drop point. Resistance above 82500 has been tested multiple times; short-term resistance is effective, and we do not see a breakthrough for now. The 4-hour chart hit a short-term high, indicating a need for a pullback; if broken, it will adjust accordingly. Going forward, focus on low retracements for long positions.
Trading Suggestions
BTC retrace to the 811-805 range for long positions, aiming for 819-825#Gate广场五月交易分享