$BTC ‌

As mentioned earlier, the current trend on the daily chart remains downward, with the rebound weak and the middle of the channel not yet broken through, so there’s no good position to re-enter a short trade.

Before breaking below 74,200 (the previous daily low), this can be considered a second test on the daily chart. If you’re betting on a risk-reversal long position, it means you’re willing to accept the risk of a confirmed break below the previous low at 74,200 with a stop loss.

Currently, there is only one area where I’m considering adding to long positions: the 0.618 Fibonacci level on the daily chart around 71,760. This is also the support at the lower boundary of the major channel. I’m also not interested in adding longs between 73,500 and 73,800 support levels.

In summary, the safest approach is either to see the second test on the daily chart succeed and hold the rebound, then start building short positions at the usual levels, or wait until near the channel’s lower boundary at the 0.618 Fibonacci level around 71,760 to bet on a long position. If you want to participate at intermediate levels, set a stop loss and trade lightly. #Gate预测市场升级聪明钱追踪