Looking back at the Bitcoin strategy I shared with everyone yesterday, the market ultimately delivered a 4,400-point move. No need for me, Lin Ran, to elaborate further on the value of that call. Returning to the current market, the overall trend remains strong, but the biggest fear in a bull market is a sudden wick or spike, so the risks must be guarded against in advance.
The midnight strategy remains focused on placing limit orders for longs at lower levels. Bitcoin reached a high of 79,974, while 82,000 above is a strong resistance level. The price continues to rise along the daily upper band, but the upside is already becoming limited, so do not get carried away chasing the rally.
This strong rally has already liquidated a large number of short sellers. Subsequent high-level consolidation could very likely shake out some long positions, lure momentum-chasing funds into the market, and then trigger another pullback to flush out highly leveraged, heavily positioned longs opened while chasing the rally. Therefore, when setting up longs on a pullback, be sure to guard against wick risk, and set a stop-loss at the same time.
Trading plan: Long around 78,200–77,600, targeting around 79,400–80,000; on a breakout, watch 80,800 and 82,000. Set your defense level according to your own position size.
#区块链 $BTC $ETH $SOL