As mentioned previously, Bitcoin is in a descending channel, and the strategy of shorting on rebounds is correct. After rebounding above 114,000, it encountered resistance from the descending channel and then fell smoothly, pocketing profits from the short position.
A small-scale downward trend channel forms within this channel, where the market primarily experiences volatile declines. A break below the channel will accelerate the decline.
For short-term trading, long positions should be established at channel support and short positions should be opened at channel resistance.
A small-scale downward trend channel forms within this channel, where the market primarily experiences volatile declines. A break below the channel will accelerate the decline.
For short-term trading, long positions should be established at channel support and short positions should be opened at channel resistance.
If you have questions about the direction of gold, crude oil, Bitcoin, and Ethereum, you can follow me.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
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If you have questions about the direction of gold, crude oil, Bitcoin, and Ethereum, you can follow me.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.