November 3rd, Monday trading strategy for BTC

Recently, the fluctuations of BTC have caused a lot of anxiety among crypto friends. From the 4-hour cycle, BTC is currently hovering around the price of 108800, with a slight drop of more than 1 point in 24 hours. Overall, it is in a sideways and slightly bearish rhythm.

Friends who want to short, look here.

If the price rebounds to the range of 110000-110500 (this position is the short-term moving average resistance zone), or directly breaks below the support level of 108500, it is a good opportunity to consider opening a short position in batches. Set the stop loss above 111500 to control the risk. The first target can be 107600, and then 106500. This wave down could yield a return of about 5-8%.

Friends who want to go long, don't worry.

The bullish momentum is not strong enough right now. If you really want to go long, you need to wait for the price to stabilize above 111000 and for clear bullish signals to appear in various indicators (such as MACD, KDJ) before considering it, otherwise, you might get trapped.

In summary, the current market is bearish but there are also swing trading opportunities. Everyone must set stop losses, control their positions, and avoid blindly going all in #比特币行情分析 .