Midday Bitcoin Strategy


The support at 2105 has already broken, which can be seen as a second test of the previous low.
If a double bottom pattern forms with the previous low, the market may rebound, but the prerequisite is to regain above 2105; otherwise, the rebound will be limited.
If it cannot break through 2105, it will continue to fluctuate within the flag pattern range;
Once the flag pattern is broken downward, the 2022 previous low is likely to be breached, with strong support at 1926. Focus on the gain or loss of the 2022 line.
Trading suggestions:
• Break above 2075 with volume, go long on the right side, set stop loss upon breakout
• Break below 2045 with volume, go short on the right side, strictly set stop loss
• If the pullback to 2007 support is effective, consider going long; if it breaks below 1962, exit
• Light short positions can be taken if rebounding near 2144; stop loss above 2174
ETH-3.44%
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