7.9 Midday BTC/Position Analysis



Current open positions: remain patient and wait for the 4-hour timeframe to hold firmly above the bullish moving averages. Do not enter by chasing highs arbitrarily, to avoid being trapped with positions at high levels.

Focus on the 63000 level. Wait for the price to effectively break through and complete a pullback confirmation, then follow through with the setup. In trading, prioritize stability and steadiness.

How to trade:
BTC: On a pullback around 62300–61700, with targets around 63000–65000.

Position: On a pullback around 1740–1720, with targets around 1780–1840.

Tips:
The above analysis is Mu Yao’s personal analysis. The market changes rapidly. This content is for reference only and does not constitute any investment advice!
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Rain-SoakedGlassLeverage
· 2h ago
The 63000 level is indeed grinding. Only after it firmly holds will I dare to add positions. I'll first place a pending order around 62300 and wait.
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ReflectionsOnTheStreetCorner
· 3h ago
Mu Yao’s trading plan is quite solid, but the market can flip fast. I’m planning to enter in batches: I’ll place half at 61,700 and half at 62,300 to avoid getting run over and also to avoid getting wicked/spiked.
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