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8.7 Afternoon BTC Strategy
The strategy released in the morning has also brought profits, simply making a 1000-point gain in the bag for safety. Currently, the trend continues, but there will be a pullback within a small cycle, touching the upper resistance level again. Choosing is more important than effort; keeping up with the rhythm of making money is as simple as breathing. In the afternoon, it's advised to wait for a pullback before shorting.
In terms of technology, looking at the hourly moving averages, the downward momentum still exists, and the trend is irreversible. However, a golden cross on the 15-minute MACD is starting to appear, but the volume is insufficient, which is very likely a false breakout + a trap for shorts. However, the possibility of the main force pushing the price higher cannot be ruled out, so we still choose to operate on a short-term basis.
BTC approach: heading south near 114500, target 114000