Monday Morning Bitcoin Jingyi's Strategy


Perfect, on Sunday provided a long entry idea to realize 2000 points, early morning and 4-hour chart show a strong bullish rally with a large bullish candle, surging to a high of 656 within the day

MACD continues to form a golden cross, the red histogram significantly enlarges, bullish momentum greatly increases, and the trend is clearly bullish; the lows gradually rise, the rebound trend remains intact, after a short-term surge there is a need for a pullback, not suitable for chasing high directly; if the price stabilizes above 648 on the pullback, look for a bullish trend, a significant break below 648 support indicates weakening bullish strength, expecting a correction for recovery.

Resistance level at 656 (this cycle's 4-hour new high, strong short-term resistance)
Second resistance: 660 psychological round number

Support levels at 648-640-636

Trading Suggestions
If the price pulls back and stabilizes around 648-650, consider a small long position, target 656→660; place stop-loss below 640.

If the price hits 656 but faces resistance and cannot break through, then turns down and falls below 652, consider a short position on the pullback to 648; place stop-loss above 657. #我的Gate交易时刻
BTC1.85%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned