Today’s Trading Strategy Please indicate the original source when reprinting, Zhiyi Lunbi.
Direction: Follow the trend and go short Entry: $66,800 - $67,200 area Stop Loss: $67,800 (about 0.9%-1.5%) Take Profit: First target $65,500 / Second target $63,500 Core Reasons Trend Signal: 4-hour candlestick weakens, MACD forms a death cross at high levels with increasing volume, RSI breaks below the midline Market Structure: An “air gap” exists below $63,111, and breaking below it can easily trigger accelerated decline Fibonacci Resistance: $67,500 is the 0.618 retracement level of the previous decline and also this week’s key support/resistance level I want to emphasize that from yesterday to today, Bitcoin first surged higher, then pulled back due to news, and is currently fighting around $66,000. Although our main strategy is short, if the price unexpectedly retraces to the $65,300-$65,800 range and shows signs of stabilization, it can also be seen as a short-term rebound opportunity, with a target around $67,500. Finally, a reminder that recent geopolitical events (such as the Israel-Palestine situation) have greatly disturbed the crypto market, often causing technical analysis to temporarily fail. Therefore, position sizes must be kept below 30% of usual, and be sure to set stop losses.
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Today’s Trading Strategy Please indicate the original source when reprinting, Zhiyi Lunbi.
Direction: Follow the trend and go short
Entry: $66,800 - $67,200 area
Stop Loss: $67,800 (about 0.9%-1.5%)
Take Profit: First target $65,500 / Second target $63,500
Core Reasons
Trend Signal: 4-hour candlestick weakens, MACD forms a death cross at high levels with increasing volume, RSI breaks below the midline
Market Structure: An “air gap” exists below $63,111, and breaking below it can easily trigger accelerated decline
Fibonacci Resistance: $67,500 is the 0.618 retracement level of the previous decline and also this week’s key support/resistance level
I want to emphasize that from yesterday to today, Bitcoin first surged higher, then pulled back due to news, and is currently fighting around $66,000. Although our main strategy is short, if the price unexpectedly retraces to the $65,300-$65,800 range and shows signs of stabilization, it can also be seen as a short-term rebound opportunity, with a target around $67,500.
Finally, a reminder that recent geopolitical events (such as the Israel-Palestine situation) have greatly disturbed the crypto market, often causing technical analysis to temporarily fail. Therefore, position sizes must be kept below 30% of usual, and be sure to set stop losses.