Regarding Bitcoin, I shared my thoughts yesterday that I believe it will form a double bottom pattern and rise to around $23,100. I maintain this idea today, so I think it's possible to short now with a take profit at $23,200, and then go long around $23,100 with a take profit of around $23,800.
I will continue to monitor the Bitcoin trend and share my thoughts. Thank you for your attention and support, my friends.
Note
Currently at a resistance level, long positions at 23,100 can choose to take profit on 1/3 of the position first, and the remaining holdings can be sold for profit at levels of 23,500 and 23,800 respectively.Trade active
The take-profit level at $23,500 has been reached.Note
The take-profit level at $23,800 has been reached.The transaction has been perfectly concluded. Looking forward to the next position opening!Note
We are currently observing the resistance level near 23800. If it cannot move up strongly, we can short it.Note
I've noticed strong resistance around 23,800, making it difficult to break through. Therefore, I believe it's a good opportunity to short Bitcoin.Trade active
Bitcoin is moving in the direction we anticipated
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.