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$BTC How to operate this week? Keep a close eye on these two key positions 💥💥
Now BTC has rebounded to 78,400 and faced resistance, pulling back, with a short-term trend leaning weak.
💥Additionally, a reminder: the Federal Reserve will release the meeting minutes at 2:00 AM this Thursday. Currently, market sentiment is hawkish. During the 5-15 minutes before and after the minutes are released, the crypto market is prone to sudden spikes or sharp drops, so watch out for risks.
My trading approach:
First wave:
Direction: Short
Take profit: Partial profit around 75,000
Initial stop loss: 80,500
Second wave (if it breaks below 74,500):
Direction: Add to short position in trend
Take profit: Partial profit around 71,000
Initial stop loss: Above 76,500
A few reminders:
1. Volatility will increase before and after the meeting minutes, don’t hold heavy positions
2. Don’t hold onto losing positions; set your stop loss and don’t change it
3. Take profits in parts; don’t be greedy for the last bit
Overall, this week is biased towards bearish, follow the trend and don’t chase rebounds.
(Just personal analysis)