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Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!
2024.8.17BTC. Market analysis,
1. Wait for the one-hour closing price to fall below 58,200. Due to the serious spikes, the profit of the order is basically lost before it can warm up.
2. Go short when it rebounds to around 59,800. This order is still profitable if you follow the strategy. If the daily line closes at 58,800 today, the market will not go down so quickly. It closed at around 58,800 at 8 o'clock in the morning, so today's market is still volatile.
Next, let me tell you about today's market analysis:
If the four-hour closing line does not fall below 58500, the market will continue to fluctuate upward, with a target of 59787.61600. If the daily line can close at 59787 tomorrow, then this wave of daily reversal will be successful and will hit the weekly support of 62700. Therefore, the trend of today and tomorrow is more critical.
Ideas for making a single order:
Aggressive:
1. Go back to 58500 and buy lightly, defend 57500. Only buy 56000
Target 59787.61655.
2. Rebound around 61655. Short position. Wait for 4 hours to close at 61655. Manual exit target: around 60000
Robust type:
Long orders will wait for the daily line to close above 59787 at 8 o'clock tomorrow morning. This is a confirmed signal. Long orders will be arranged, and the target will be 62700 directly.
Short position, wait for the four-hour closing to fall below 56988 and then rebound to short, target 54569.51505.49111