BTCUSD: Ultra-short or buy in the short term?

2024年12月5日

From the trend observation. BTCUSD is affected by geopolitics in the short term. It makes some risk-averse investors more favored, after all, it has Trump's support. The current price has broken through to a price above 102k. The highest reached 104k.

So can the current price continue to buy or sell for profit? George believes: In the short term, if geopolitics supports it, Bitcoin may still hit a higher position and consolidate its position as the top risk-averse. There are still great trading opportunities for investors who buy it.

So can it be shorted? This requires going back to the medium and long term to observe. The opportunity is certain. But if you want to trade Bitcoin, you first need some greater risk resistance. After all, there is a probability that Bitcoin will fall by tens of thousands of points from its highs or continue to rise by tens of thousands of points. So my suggestion is to be mentally prepared before trading Bitcoin. Trading Bitcoin is not just about luck.

From the perspective of ultra-short-term intraday trading, you can still rely on highs to sell short. Pay attention to whether the support around 100k is effective. At present, the price is expected to fall by more than 2,000 points

If you want to trade Bitcoin or don’t know how to trade, you can leave me a message to refer to some operation strategies, and try to avoid blind trading that will lead to account losses.


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2024年12月5日

註釋

BTCUSD reached its short-term profit target. About 1,500 pips.