BTC is currently showing a triangular convergence pattern in consolidation at higher levels on smaller timeframes. If volume is released again and price surges to 76-79k, and a long wick appears on smaller timeframes indicating weakening bullish momentum, enter short positions. Monitor Powell's speech this evening for its impact on price action. A rate cut in March is already a done deal. Short entry zone for empty positions: 76-79k, with stops above 80k(If there are short positions and they can be closed safely, use 1/4 of position size to scalp in this zone)Currently not recommended to participate in long trades. If the smaller trend reverses and aligns with the larger bearish trend, you could be stuck underwater for half a year!!!
$BTC Today's Strategy:
BTC is currently showing a triangular convergence pattern in consolidation at higher levels on smaller timeframes. If volume is released again and price surges to 76-79k, and a long wick appears on smaller timeframes indicating weakening bullish momentum, enter short positions. Monitor Powell's speech this evening for its impact on price action. A rate cut in March is already a done deal. Short entry zone for empty positions: 76-79k, with stops above 80k(If there are short positions and they can be closed safely, use 1/4 of position size to scalp in this zone)Currently not recommended to participate in long trades. If the smaller trend reverses and aligns with the larger bearish trend, you could be stuck underwater for half a year!!!