Trading Hero - Lao Zheng's Monday Morning Strategy Share


A rebound is not a reversal; yesterday, Bitcoin surged all the way to around 115700, and the short-term trend has started to strengthen.
Looking at the 4-hour chart, the Bollinger Bands maintain a sideways flat shape. After several consecutive bullish candles attempted to move up, they were hindered by the upper band, resulting in the price failing to form an effective breakout. The focus going forward should be on the breakout situation of the upper band. An effective breakout will open up space for further upward movement. Before that, do not chase long positions at high levels; instead, wait for a pullback. Once the pullback is in place, then consider going long.
Short near 115500-116000 for Bitcoin, with a target around 113500.
Auntie can short near 4160-4190, target looking at around 4110-4070.

#CoinDesk9月Gate战绩来袭 #Gate500万U交易计划来袭 #美联储降息预期升温
BTC-2.67%
ETH-3.36%
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