How to trade after #BTC surges?
2024-10-12

📊How to trade after #BTC surges?

🧠Although my subjective opinion is bullish, I didn't expect it to rise so sharply yesterday, and without any structure as support, the possibility of a subsequent pullback has increased.

Yesterday we tried to place some short orders in the resistance zone. We originally wanted to make a short-term pullback, hoping to build a bullish long structure and then participate in new long transactions, but the final development was not as expected. Therefore, our short orders were closed near the cost price, and we did not lose money. It was a pity that our long orders were closed in advance, but trading is like this.

➡️The trading volume will be much lower on the weekend, and it is likely to be a complex consolidation stage again. From a structural perspective, the short structure at the 4-hour level has not been broken, so there is still an expectation of a decline. If you want to short, you can only focus on the heaviest resistance area around 64,000

➡️If we fall early from here, the support area we can focus on is around 60,000-61,000

Let's see👀

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