BTC expects a secondary bottom test, buy long at 60,000 with strict stop loss at 59,000

First, I wish all crypto friends a peaceful Dragon Boat Festival, family harmony, and steady profits from the market during the holiday!

During the holiday period, market liquidity decreases, and existing funds compete more fiercely. BTC has recently been weak in rebound, with continuous short-term selling pressure accumulating. There is a clear technical need for a second bottom test and shakeout. No need to rush to chase the rally now; patiently wait for a pullback to the key support level, which is the optimal time for high risk-reward positioning.

Complete trading strategy

1. Long entry zone: gradually build positions around 60,000
60,000 is the core support zone where the market has repeatedly stabilized before, and it is also a widely recognized psychological defense level. This round of second pullback reached this point, and short-term bottom-fishing funds and medium-to-long-term core positions will concentrate here. The downside is limited, and the upside potential is ample.
It is recommended to place orders in two to three batches to avoid heavy position buildup at once, spreading out the psychological pressure caused by volatility.

2. Strict stop-loss level: 59,000
The gap between entry and stop-loss is 1,000 points, leaving room for fluctuations caused by holiday market pinning and shakeouts.
Once the price effectively breaks below 59,000 with increased volume, it indicates that the bullish support structure has completely failed, and the bottom-testing trend will further deepen. The long logic no longer holds, and a decisive stop-loss is necessary—never hold on to deep losses.

During the Dragon Boat Festival, market liquidity is weak, and frequent pinning candles and narrow-range grinding will become normal. Frequent short-term trading with quick in-and-out moves easily leads to repeated stop-losses and transaction costs.

The best strategy at this stage is to stay in cash and wait for a pullback, only executing low-buy plans around the 60,000 support zone, avoiding impulsive short-term rebounds.

Trading is ultimately a slow and steady process. Relax during the holiday, adhere to risk management rules, and wait for the bottom to stabilize for a recovery.

Again, I wish everyone a peaceful Dragon Boat Festival, smooth operations, #我的Gate交易时刻 and successful profits!