BTC currently has a relatively clear trend line. If it does not fall below during the backtesting process, you can refer to this trend line for long trading. The resistance is 29800-30200, and the target can be set near the resistance.
If it falls below, short positions will have a better chance to make a profit. The support is 28600-28200. Of course, you can go long near the support. As long as the support is valid, the probability of profit is also very high.
The long-term goal is still at 40,000!
Finally, I want to tell everyone that no matter how many years you have been trading, no matter whether your trading is losing or earning, if you follow me, you will definitely gain more!
Trade active
Trade active
28600
Trade active
Trade active
Trade active
Trade active
It broke below the trend line, fell to the 28600-28200 range and then rose to complete the 29000 target
Trade active
Judging from the current trend, it still has upward momentum, and the resistance is around 29400, where the bulls can start to close in batches
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.