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Bitcoin Evening Strategy
The overall intraday volatility has noticeably narrowed, with the fluctuation range smaller than expected, and market sentiment remains cautious. However, the short position at the current price level around 72,200 given in the afternoon still successfully moved out nearly a thousand points of profit. In this kind of market, catching the rhythm is the key to profit.
The current price has rebounded to around 71,700 and is consolidating with sideways movement, with bulls and bears still in a tug-of-war. The short-term direction remains unclear, but resistance above still exists.
The evening strategy remains unchanged, focusing on the strength of the rebound and the gain or loss at key levels.
If the rebound reaches the 72,500 resistance level, consider short positions as the priority.
If a false breakout or a lack of momentum to push higher occurs, it’s an even better opportunity to add positions.
The target below continues to look towards the 71,000 area and below.
Overall, in this kind of volume-contracted sideways market, do not blindly chase orders. Be patient and wait for key levels; positioning at the right points is crucial. Control your position size, trade steadily, and profits will gradually accumulate.