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#BTC
Today's View
Yesterday, BTC mentioned that the important support below is at 86,758-87,400. Last night, the lowest price reached 87,200. Unfortunately, I was too conservative this time and did not place an order at 87,400. The market also did not reach 86,758, so I missed the long entry. Currently, BTC is in a resistance zone. I will not take any action at this price level for now. This resistance has been tested multiple times, making it difficult to enter both long and short positions. I will wait until it leaves this support and resistance zone to look for opportunities.
Personally, I think a breakout is more likely because of the false second test. There is currently a chance to break through, but the risk-reward ratio for a breakout is also poor.
Long Positions
1. Left-side trading can attempt a breakout.
2. After a strong breakout above 90,400, look for opportunities on a pullback (this still needs more observation).
3. Continuously monitor the 86,758 support zone for bullish price actions (false breakdown, pin bars, engulfing...).
Short Positions
1. The pin point before 91,815—pay attention to the price action around this level.
2. The red grid (around 92,607).