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Sunday Morning | Tang Long's Trading Strategy
The market these past two days has been straightforward: bears are in control, and bulls basically have no counterattacking power.
Yesterday during the day was grueling, and in the evening BTC rebounded to around 71000 but got knocked back down, with a low of 68800. You've all seen this rhythm—the whales love to make their moves in the middle of the night.
From a structural perspective:
- The 4-hour Bollinger Band is squeezing, with rebounds constantly being suppressed by the middle line. Overall, it's still a bear rhythm.
- The hourly chart shows consecutive bearish candles with volume on the downside. The bear structure is already very clear.
However, weekend action typically won't be too extreme. It's likely to be range-bound consolidation, so I don't recommend blindly chasing shorts. The key is: whenever there's a rebound, it's an opportunity to go short.
Trading Strategy:
BTC: Wait for rebounds to 69300-70000 range to short, targeting 68000-66000-65000
ETH: Wait for rebounds to the 2100-2150 zone to short, targeting 2060-2000
If it breaks below, continue watching 1960
Summary in one sentence:
Don't chase shorts, wait for rebounds before making your move.
Remember to control your position size, take it steady, and the profit will naturally come. #Gate13周年全球庆典 #加密行情震荡 #摩根大通下调标普500预期 #AnimocaBrands投资AVAX #美联储维持利率不变 $BTC $GT $ETH