Bpay13
@t_Bpay13
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Bpay13
I still in the position at 97800. After exit just watch. #BTC
Bpay13
I believe the Bitcoin chart is currently undergoing a price correction and liquidity collection phase, presenting a high-risk trading opportunity within the market range. I consider the movement between liquidity points in the CME futures and options market databases to be of great importance in the traders' movement perspective. Following this short trade, I will enter a low-risk long trade with a target of $98,000, after which the price may want to collect the liquidity of $99,800 and perhaps $101,000. However, I will exit the trade after the $98,000 ceiling and wait and see to determine the ceiling of this movement. Currently, however, the micro data show a strong indication of the price's willingness to move towards $92,000 or $88,000. But let us not forget that this market is uncertain and anything can happen with a major news event. So do not forget capital management.
Bpay13
Bpay13
Trading volume: The trading volume during a bearish trend should be taken into consideration. If the trading volume increases during a price decline, it indicates greater selling pressure and confirms the bearish trend. In the chart, you can see that the trading volume is decreasing.News: Important news and events can also have a significant impact on the price of Bitcoin. Make sure to stay informed about major news and events.Caution: Given the current conditions and selling pressure, it is recommended to proceed with caution when entering a trade at this time.Monitoring: Carefully monitor the chart and pay attention to any changes in patterns and indicators ( Don't forget that indicators only provide insights into the past market and clarify volumes and trends for us. Do not rely solely on them for trading. ).Buying: If you intend to buy, wait for the price to reach the support level of $91,300 and look for signs of a price reversal.Risk Management: Be sure to use stop-loss and engage in trading with proper capital management.
Bpay13
Just for scalp,No more. nut i believe trend line is down.
Bpay13
This liquidity channel for Nerid is clearly visible in the scalp.
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