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2.25 Bitcoin Evening Trading Strategy
It has now risen to near the upper boundary of the 4-hour descending channel. A short-term rally is only possible after a breakout, leading to further rebound.
Considering the $5,000 rebound from $62,500, it is advisable to short near the upper boundary of this descending channel.
Bitcoin Trading Strategy:
Short around 67,700 with a stop loss of $700
Wait for a pullback after breaking above the upper boundary of the descending channel to go long
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