BTC: 1H level trading opportunity
Recently, the market has steadily risen to the vicinity of the previous supply area, and it is expected to test the upper 12100 line of the supply area again and trigger a short stop loss, then fall back and consolidate and then move up (white line trend). Because 12,000 chips were thrown out before, when it approaches 12,000 again, some players in the band will sell their chips to form resistance. Only when the supply is completely digested can it continue to rise. Short selling can be considered 12100, stop loss 12300, take profit 11600, 11300.
The ascending channel constructed on July 28 has stepped back to near the 11600 mid-rail in the early morning. It may step back to this range again during the day. It will be a better short-term long-term opportunity, with a stop loss of 11500 and a stop profit of 11800-12000 (step profit). The profit-loss ratio is 2:1.
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Supply and demand determine the price, I am Van. Thanks for your support!
The ascending channel constructed on July 28 has stepped back to near the 11600 mid-rail in the early morning. It may step back to this range again during the day. It will be a better short-term long-term opportunity, with a stop loss of 11500 and a stop profit of 11800-12000 (step profit). The profit-loss ratio is 2:1.
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Supply and demand determine the price, I am Van. Thanks for your support!
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