Bitcoin Pullback After Rise, Exercise Caution! Short-Term Trading Strategy and Risk WarningBitcoin's price has been volatile recently, significantly increasing the risk of entry. For short-term traders, it is recommended to rationally plan your positions, cut losses when necessary, and avoid being caught off guard
Bitcoin Pullback After Rise, Exercise Caution! Short-Term Trading Strategy and Risk Warning
Bitcoin's price has been volatile recently, significantly increasing the risk of entry. For short-term traders, it is recommended to rationally plan your positions, cut losses when necessary, and avoid being caught off guard. The current market shows a pullback after a surge, falling nearly 1,000 points as the intra-day gains are gradually recouped. In the short term, prices will enter a period of consolidation and further declines need to be monitored.
Technical Analysis
- Hourly Chart: Price has broken through the Bollinger middle band, but if there is no strong rebound back above the Bollinger midline, further declines are more likely.
- MACD: On the 4-hour timeframe, both the fast and slow lines are negative, but the MACD histogram is gradually shrinking, indicating weakening of the bearish force. Currently, the price is above EMA7 but close to EMA30, EMA120 is still below it, suggesting a short-term rebound trend, but we need to pay attention to pressure from the EMA30.
Trading Suggestions
Given the current market situation, it is recommended to use a strategy of high short and low long within a range:
Oct. 5 Bitcoin Short-Term Reference:
- Long: Go long at 60500-60900 range, add a stop-loss at 59300, stop-loss at 59000, target above 61500.
- Short: Go short at 62300-62800 range, target below 61800, add a stop-loss at 63500, stop-loss 300.
Oct. 5 Ethereum Short-Term Reference:
- Short: Go short at 2441-2400 range, add a stop-loss at 2550, stop-loss at 2570, target below 2360.
- Long: Watch the 2280-2310 range, stop-loss 50 points, target above 2360.
Risk Warning:
This content represents the author's personal opinion only. The article is subject to delays and has timeliness, serving as a reference only, please do not blindly operate! The market is constantly changing, and any investment decision carries risk. Be sure to develop an investment strategy based on your own risk tolerance and implement risk management measures.
Conclusion:
Regardless of how the market changes, investment and financial management require rationality and calmness. Deeply understand the characteristics, risks, and return mechanisms of investment products, and don't be swayed by short-term market fluctuations. Be patient, don't be overly greedy or fearful, and understand that wealth accumulation is a gradual process. May every investor be insightful, seize opportunities, make every decision just right, navigate the investment ocean, and reap both wealth and growth!
Bitcoin Ethereum Cryptocurrency Investment RiskWarning MarketAnalysis
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