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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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8-13 Wednesday evening trading strategy for BTC
The four-hour level shows that after a two-day consecutive rise, the market's momentum has slowed down. Currently, although the price has pulled back, the trend does not show a very strong tendency. During the upward process, there have been continuous pullbacks as well, but the Bollinger Bands still maintain an upward opening. The KDJ indicator's three lines have formed a golden cross and continue to extend upwards, overall remaining in a fluctuating but relatively strong pattern.
On the hourly level, after six consecutive bullish candles, the market has seen a pullback. The long upper shadow on the bullish candle indicates that there is some selling pressure above, temporarily hindering the continuation of the bulls. However, the MACD indicator's two lines are still trending upwards, with values continuously accumulating in the positive range. In the evening, maintain a low long trading strategy for operations.
BTC trading strategy suggests going long around 119500-119000, with a target of looking up to 121500-122500.