Intraday Summary: Today, I took a short position on Bitcoin at 92350, with a stop loss at 92500 and a take profit around 91650, resulting in a risk-reward ratio of approximately 5:1. Ultimately, the position was triggered for stop loss.
Friday's market always moves slowly. Intraday, Bitcoin fluctuated between 92000 and 92700, while Ethereum ranged between 3230 and 3260.
Intraday trading advice: Focus on buying dips. Bitcoin's trend is relatively strong. From a daily chart perspective, Bitcoin is oscillating within a converging triangle. If it can effectively break through the resistance above (around 94000), there is a high probability of retesting the 100,000 level.
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Intraday Summary: Today, I took a short position on Bitcoin at 92350, with a stop loss at 92500 and a take profit around 91650, resulting in a risk-reward ratio of approximately 5:1. Ultimately, the position was triggered for stop loss.
Friday's market always moves slowly. Intraday, Bitcoin fluctuated between 92000 and 92700, while Ethereum ranged between 3230 and 3260.
Intraday trading advice: Focus on buying dips. Bitcoin's trend is relatively strong. From a daily chart perspective, Bitcoin is oscillating within a converging triangle. If it can effectively break through the resistance above (around 94000), there is a high probability of retesting the 100,000 level.