#当前行情抄底还是观望?


Bitcoin rebounds again! Where to escape the top? Be cautious of the US stock market opening on Monday! Let's discuss the subsequent trend.
1. As shown in the chart, Bitcoin has made a second attempt to reach the resistance zone around 71,000 today. Currently, the bottom is rising. To ensure a higher rebound, the top must also break through. So the question is, can it break through?
2. I personally think the resistance zone is a good place to short, because backing resistance to short means we can set stop-losses with slight breakouts. But if it drops down, it could fall quite a bit, and the risk-reward ratio is favorable.
3. Bitcoin might not have finished its rebound yet and could make a second top. Hey, does that mean today’s second top has arrived? Also, I have a short position at around 74,000. If it hits, I’ll go all in. There’s plenty of room for a pullback here.
4. Also, everyone should be cautious about the US stock market opening on Monday. Recently, Bitcoin’s declines have often occurred during the US stock market open, with very high volatility. For short-term trading, we should focus on key support and resistance levels for long and short positions.
5. From a broader trend perspective, we are still in a mid-term bear market. After these weeks of sharp declines and rebounds, the trend will ultimately continue downward. Everyone should be prepared. For aggressive traders, consider positioning high and setting low-leverage long-term shorts, then after the drop, we can aggressively buy the dip. Patience is key, and there are great opportunities ahead!
BTC1.74%
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