8-8 BTC Morning Thoughts



The recent trend of BTC has been quite confusing these past few days. I believe many people were trapped again during last night's surge. In recent days, many brothers who are stuck have come to me for advice on how to break free. In fact, breaking free is not difficult; different amounts of capital correspond to different ways to break free. If you have similar issues, feel free to consult me anytime.

Let's take a look at today's market. The current trend seems to have surpassed the resistance level and the mid-line of the upward channel, but there is likely to be a slight pullback today, with the support level around 115600. If this level holds, the resistance level above is around 118700. So whether you're in a position or not, you should mainly focus on these two points today.

Operation suggestion: Currently, at the price level of 116800, you can start with a small short position, take profits when you see them, and secure your gains; wait for a clear rebound trend in the market before going long directly, with a target around 118000. Don't expect to get rich all at once.

The recent market situation is quite critical, and there has been constant news coming from the beautiful country. For safety reasons, it is essential to manage risk well when entering the market.
BTC-1.23%
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