BTC has been capturing liquidity up and down recently, volatility is starting to increase, and a clear direction is imminent. Pay attention to the 8:30 PM non-farm payroll data,



However, regarding the descending wedge pattern currently forming, I personally believe the probability of an upward breakout is higher, but we still need to be wary of the non-farm data being bearish, causing another downward spike that recovers,

If the intraday price does not break below 59.2K, then the recent low of 57.7K is considered established. If it breaks below 59.2K, expect another low around 57.5K before a rebound,

Intraday strategy: watch for a retracement to 59.2K and 57.5K to enter long positions; on a rebound to around 61.5K, open short (stop loss at 62.5K). If it stays above 62K, then do not consider shorting again in the near term. $BTC
BTC4.02%
View Original
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