#BTC Yesterday's Non-Farm Payroll data was bearish. After breaking the neckline, the price retraced, and multiple attempts to test the 2-hour midline failed to break above. Expecting another 1-2 days of consolidation before a direction is confirmed after the CPI data release on Friday.
- This morning, there were already people wanting to go long, so it's most likely still following the double-dip scenario, which aligns with institutional behavior. - The strategy remains unchanged: half of the short position entered at 71,800 is still held, with the rest kept for now + cost-based stop-loss, patiently waiting. If the price breaks and stabilizes above 72k, switch to long; otherwise, consider switching to long around 61-62k (to be observed). Aim to secure profits while waiting for a larger profit potential. - Overall approach: avoid opening trades at the middle levels, enter short positions at resistance levels with protection, enter long positions at support levels with protection, strictly follow the record-keeping, and practice the unity of knowledge and action.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#BTC Yesterday's Non-Farm Payroll data was bearish. After breaking the neckline, the price retraced, and multiple attempts to test the 2-hour midline failed to break above. Expecting another 1-2 days of consolidation before a direction is confirmed after the CPI data release on Friday.
- This morning, there were already people wanting to go long, so it's most likely still following the double-dip scenario, which aligns with institutional behavior.
- The strategy remains unchanged: half of the short position entered at 71,800 is still held, with the rest kept for now + cost-based stop-loss, patiently waiting. If the price breaks and stabilizes above 72k, switch to long; otherwise, consider switching to long around 61-62k (to be observed). Aim to secure profits while waiting for a larger profit potential.
- Overall approach: avoid opening trades at the middle levels, enter short positions at resistance levels with protection, enter long positions at support levels with protection, strictly follow the record-keeping, and practice the unity of knowledge and action.