$BTC Hourly support and resistance overview: the level around 71,598 is a major resistance, and the 1H Vegas channel resistance is resonating. For hourly and above long positions, focus on building positions in support levels 1-2-3 in batches, with particular attention to levels 2-3. For short-term trading, you can once again rely on the 71,598 resistance level for short positions (a minor resistance around 69,705 can also serve as an entry point for short positions).
🚨 Three good habits for short-term holdings: When you're unsure whether to take profits, directly close half of your position and keep the rest to break even—this will never be wrong; after some profit accumulation, habitually set a breakeven stop-loss or move your stop-loss—this is the baseline, do not mistake it for floating loss; take profit targets are always just a plan, do not become overly fixated on the target for closing. 🚨 Recommended position management ratios for partial entries: Second position entry ratio: 3:7 or 2:8 Third position entry ratio: 2:3:5 Fourth position entry ratio: 1:2:3:4 🚨 Do not place orders with round numbers #btc
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$BTC Hourly support and resistance overview: the level around 71,598 is a major resistance, and the 1H Vegas channel resistance is resonating. For hourly and above long positions, focus on building positions in support levels 1-2-3 in batches, with particular attention to levels 2-3. For short-term trading, you can once again rely on the 71,598 resistance level for short positions (a minor resistance around 69,705 can also serve as an entry point for short positions).
🚨 Three good habits for short-term holdings:
When you're unsure whether to take profits, directly close half of your position and keep the rest to break even—this will never be wrong; after some profit accumulation, habitually set a breakeven stop-loss or move your stop-loss—this is the baseline, do not mistake it for floating loss; take profit targets are always just a plan, do not become overly fixated on the target for closing.
🚨 Recommended position management ratios for partial entries:
Second position entry ratio: 3:7 or 2:8
Third position entry ratio: 2:3:5
Fourth position entry ratio: 1:2:3:4
🚨 Do not place orders with round numbers
#btc