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4.6 Monday Morning Bitcoin Latest Strategy
A new week, new atmosphere, and a fresh start. Wishing everyone success and good luck.
The weekend was spent in calmness, but the peaceful oscillation will eventually come to an end. Currently, the bulls are strongly pushing the price higher, with Bitcoin surging to around 689. The sudden rally has caught some short-sellers off guard. At the moment, the short-term upward movement is slightly pausing, so it’s not advisable to chase the rally excessively. Focus on the strength of the upward momentum.
On the 4-hour chart, the small-scale bullish trend is strongly rising, with a large bullish candle directly breaking through the upper band. The price is now approaching the previous resistance at 693. Although the short-term momentum is strong, it has not yet broken through the key resistance zone. Do not chase longs at high levels; monitor for a pullback today.
In the morning, consider short positions around 691 and 696 in batches, with targets around 675-665. #Gate广场四月发帖挑战 #加密市场行情震荡 $BTC