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April 5 Weekend Bitcoin Trading Strategy
If the price is fluctuating within the 67,000-67,300 range with no clear breakout direction, it is recommended to observe and wait for a breakout before taking action.
Entry conditions require the price to retrace to the support zone of 66,800-67,000, with decreasing volume and a reversal signal on the candlestick chart (such as a hammer or bullish engulfing), then a small long position can be tried.
Stop loss unconditionally if it breaks below 66,500 to avoid trend reversal risk.
First target: 67,300-67,500, second target: 68,000.
If the price rebounds to the 67,300-67,500 resistance zone and fails to break through, a small short position can be tried.
Unconditional stop loss if it breaks above 67,800 to avoid missing the rally.
First target: 67,000, second target: 66,500-66,000.
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