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Bitcoin is currently fluctuating, with both bulls and bears taking advantage; at the same time, be sure to stay vigilant!!! So how can we avoid risks?
I will divide it into three parts so that when we are trading, we can do so with ease and not get caught off guard.
First, pay attention to the current short-term support at 62,000, with resistance around 64,500.
In the oscillation range, we only need to buy low and sell high within this zone, taking light positions—buy on dips and sell on rallies.
Place stop-losses 500 points below support and 500 points above resistance.
Second step: after oscillation, a breakout is inevitable.
How to predict the breakout, and how to remedy if the direction reverses after the breakout—that’s the key defensive strategy I mentioned earlier.
Third, how to operate after a breakout: if it breaks above resistance at 65,000, follow the trend and go long, targeting around 77,000.
If it falls below 62,000, follow the trend and go short, targeting around 60,000.
In the past three or four days of trading, we could have captured a space of over 6,000 points at minimum.
Finally, I wish everyone great success in trading.
If fans and friends still don’t know how to position, you can discuss in the comment section. $BTC $ETH #分享美股交易赢英伟达股票