BTC Market Recap
Yesterday's dominant bearish trend aligned perfectly with Dragon Xingwang's analysis. The recommended trading range (9,400–9,600) during daytime hours proved highly effective for arbitrage opportunities.
Key observations:
- Late-night consolidation and a tight Bollinger Band squeeze indicated heightened volatility risks.
- A brief price spike to 9,560 (followed by a sharp drop to 9,240) mirrored the 90% correlation between BTC and U.S. stock market openings.
- Pro Tip: Adjust your schedule for night trading to capitalize on major price movements.
BTC Technical Analysis
Daily Chart
- Flat trend with a small bearish candle (lower shadow).
- Resistance at the 10-day moving average.
- Bollinger Bands remain horizontal; auxiliary indicators show neutral momentum.
4-Hour Chart
- Death cross formation in moving averages.
- Price oscillates between the upper and middle Bollinger Bands.
- MACD lines converge near the zero axis; green histogram fading.
- KDJ/RSI signals indecisiveness—monitor the 9,400 level closely.
1-Hour Chart
- Middle Bollinger Band acts as dynamic resistance.
- MACD red bars declining; momentum weakens.
- KDJ hints at a potential bearish crossover—expect short-term retracements.
Strategic Takeaway:
- Primary trend remains bearish.
- Key range: 9,600–9,250 (prioritize sell-on-rallies).
BTC Trading Plan
✅ Sell Setup
- Entry: 9,550–9,600
- Stop-loss: 9,700
- Targets: 9,400 → 9,300 → 9,200 (breakthrough)
✅ Buy Setup
- Entry: 9,200–9,250
- Stop-loss: 9,100
- Targets: 9,400 → 9,450 → 9,550
⚡ Aggressive Short
- Entry: 9,500 (small position)
- Stop-loss: 9,600
- Profit: 100–150 pips
👉 Master these strategies with real-time guidance
FAQ: Bitcoin Day Trading
Q: Why does BTC follow U.S. stock markets?
A: Institutional trading activity creates overlapping liquidity pools, especially during U.S. market hours.
Q: How reliable are Bollinger Band squeezes?
A: High-probability breakouts occur after prolonged consolidation—confirm with volume spikes.
Q: Should beginners trade overnight?
A: Not recommended. Stick to daytime sessions until comfortable with volatility management.
Disclaimer:
Market conditions change rapidly. Adapt positions dynamically and always use stop-loss orders. For live updates, contact Dragon Xingwang via WeChat: btb5689.
Source: Dragon Xingwang | PlayCoinZ
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