BTC Trading Strategy for Today - Please check. Please cite the source when reprinting, Zhiyi Lunbi.


Trading Strategy: Primarily buy on dips, chase after breakouts
Entry points (Long positions): $70,500 - $71,000
The current price hovers around $71,000. Chasing longs directly carries higher risk. It is recommended to wait for the price to pull back to the $70,500 - $71,000 range before entering long positions. This zone is not only a previous area of high trading volume but also the 4-hour MA20 support level.
Take profit levels (TP):
First TP: $74,000. This is the recent rebound high, with a large amount of trapped positions. Consider taking partial profits when reached.
Second TP: $76,000. If volume breaks through $74,000, the upside opens to $76,000. This is a key resistance on the daily chart and also the confirmation point for the bull-bear dividing line.
Stop-loss (SL): $69,300 - $69,500
This level is not only an integer threshold but also the 0.236 Fibonacci retracement level. If the daily close falls below $69,500, it indicates the rebound structure has been broken, and an unconditional exit is necessary to avoid a second bottom at $63,000.
Summary and Reminders
Tonight, the US Non-Farm Payrolls (NFP) data will be released, which is the “starting gun” for the market direction.
If the data is positive and breaks through $71,500, long positions can be held patiently towards the target.
If the data is negative and the price drops below $69,500, stop-loss immediately and avoid holding the position.
BTC-2,57%
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