Tuesday afternoon BTC strategy:



The current price is consolidating around 70,500 to 70,800. The short positions taken at 71,000 in the morning have already been exited, the price tested a low of 70,000 at midday, and the rebound is now weak, indicating that the short-term rally has ended.

Technical analysis: The four-hour chart faced resistance at the highs and turned downward, the hourly Bollinger Bands have contracted and broken below the middle band, and indicators are showing downward convergence, suggesting a bearish short-term outlook.

Operational approach: Continue to prioritize trend-following short positions.

Key resistance levels are at 71,500 to 72,000; do not break above these levels before shorting decisively. Aggressive traders can gradually build small short positions around 71,000 with a stop loss above 71,500. Downside targets are set at 69,000 to 68,000.

Risk management: If volume increases and the price firmly holds above 72,000, consider switching to a wait-and-see stance or lightly adding long positions. Position size should be controlled between 30% and 50%, executed in batches.

Remain patient, focus on shorting from higher levels, and aim for downward targets. Wishing your short positions continued profitability! 🚀$BTC #特朗普对伊朗军事打击推迟五天
BTC-1.37%
View Original
post-image
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
  • Pin