2.10 Latest Bitcoin and Altcoin Strategy

Yesterday, the market surged to around 71,000 before quickly pulling back, touching a low of 68,600. Short-term volatility was intense, with clear swing trading opportunities. Last night, our short positions were successfully closed with a profit of 2,000.

The previous one-sided downward trend has ended, and the rebound has exceeded expectations. The market has entered a wide-range consolidation pattern, which is expected to last 1-2 weeks before a new direction is chosen. Currently, trading should focus on range-bound movements, with the core trading zone between 68,000 and 71,500. This is suitable for buying low and selling high. Resistance in the 70,500 to 71,500 area can be used to establish short positions, while support around 68,000 can be used to add long positions. The secondary coin strategy is aligned! We follow the Shipan rhythm, preparing for a prosperous year ahead.

Personal opinion, for reference only, not investment advice!