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- 🎄 Gate Square · Christmas Warmth Creation Event
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BTC morning trading strategy
The current BTC is showing a rebound trend, having risen over 700 points in the short term, and is now trading around 112796. However, based on the volume performance, the upward momentum is clearly insufficient, and the market is leaning more towards a "trap for bullish" false rebound, so it is temporarily not recommended to chase long positions.
In the short term, pay close attention to the support level below. If the 112400 level is broken, the price is likely to test the rebound starting point, which is also today's low at 112100; if this position is lost again, the next target will be 111700. After the market pulls back and consolidates, and there is a clear stabilization signal, then consider opening long positions. Initially, focus on the breakout situation at 113400; if it breaks through, the next target can be around 114100.