Bitcoin Trading Strategies Analysis

Wait 5 sec.

Bitcoin Trading Strategies AnalysisBitcoin / U.S. dollarBITSTAMP:BTCUSDJulesWoodFrom a short-term perspective, the price of Bitcoin has entered a narrow range after falling below the key $110,000 mark, with bulls and bears engaged in a tug-of-war around the current price. From a 4-hour perspective, the Bollinger Bands are trading in a narrow range, and the price has entered the upper edge of a triangle consolidation range, facing short-term resistance and the risk of a breakout or pullback. From a market perspective, the Ministry of Finance is slowing its bond issuance pace, and a window for liquidity to return may emerge in mid-October. Historical data shows an 83% probability of an October increase, with an average return exceeding 20%. Traditionally, we recommend focusing on range trading in the short term, adhering to the strategy of "shorting at highs first, buying at lows second." For investors who currently hold positions or are unsure how to trade, please like my profile and visit my channel. I will provide exclusive trading services for members!