October 28th, Friday midday trading strategy

Last week, after hitting around 80600, it immediately formed a long lower shadow, then pushed up with consecutive bullish candles to above 91000, essentially confirming the support below. However, it was dragged down right after touching around 91900, and the latest candlestick has a bit of an upper shadow, indicating that it might be a bit difficult to push up in the short term. The short-term moving averages are in a bullish arrangement, the MACD red bars are still expanding, but the RSI is at 71 and the KDJ is almost touching 93, both of which are considered overbought areas, which means 'the body is a bit tired, it might need a break.'


For those who want to go long: either wait for a pullback to buy low in the 90500-90800 range (buy in batches, don't go all in), or wait for a firm stand above 91800 before following the breakout, as the resistance will turn into support. Set the stop-loss at 89800; if it breaks, exit immediately. The initial target is 92500, and if it can push through that, then look for 93500.

For those looking to short: don't rush into a short position now, wait for two signals: either the price hits resistance near 92500 and shows a clear bullish spike followed by a bearish reversal candlestick, or directly breaks through the support at 89800. At that point, the bullish logic will collapse, and then consider a short position.


#十二月降息预测 $BTC