$BTC 7.8 Early Morning Strategy Sharing


Yesterday's results are verifiable; we placed four trades and won all four. The key to trading is sticking to the trend and not letting short-term rebounds disrupt your mindset.
Today, we firmly held a bearish view throughout the day, and all four orders successfully reached their take-profit targets.
BTC: short entry at 63900 in the morning took 1000 points, and another short at 63800 in the evening took another 1000 points, totaling 2000 points of space;
ETH: short entry at 1813 in the morning gained 54 points, and another short at 1791 in the evening gained 28 points, for a total of 82 points from the two orders.
The market never disappoints those with patience. By not going against the trend, not speculating, and strictly following the plan, you can steadily seize swing opportunities.
Looking at the 4-hour chart, after reaching a stage high, the upward momentum has clearly weakened.
Candlesticks have consecutively formed solid bearish candles with upper wicks indicating a pullback from highs. The rebound strength is gradually diminishing, and each minor rally is met with resistance and falls back. The resistance zone above is exerting a clear suppression effect, the upward rhythm has stalled, and the trend has shifted from a unilateral uptrend to a high-range oscillating and weakening pattern.
The moving averages are gradually flattening and turning down, the bullish support is fading, the balance of power has shifted, bears dominate the chart, and mid-to-long-term cycles are signaling a pullback.
Looking at the 1-hour chart,, after the earlier surge created a short-term high, the chart has entered a continuous descending oscillation channel.
Each minor rebound lacks sustained capital support, and the rebound highs keep decreasing, forming a standard bearish structure with lower highs and lower lows.
The moving averages have been suppressing the candlestick movement throughout. The rebounds are only brief corrections, with no signs of a reversal to strength. After the correction ends, the price comes under pressure again and weakens.
In terms of operation, when the rebound faces resistance, that is our opportunity to go short.
Wednesday Morning Operation Strategy
BTC: Short near 63800-64300, target looking at 61000
ETH: Short near 1780-1800, target looking at 1730
BTC0.34%
View Original
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