The following is for market reference only and does not constitute investment advice. Cryptocurrency is highly volatile. Be sure to keep your position small, set stop-losses, and avoid chasing highs. Bitcoin Intraday Simple Trading Checklist (Suitable for Short-term Trading)
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First, let's clarify the most important point:
The following is for market reference only and does not constitute investment advice. Cryptocurrency is highly volatile. Be sure to keep your position small, set stop-losses, and avoid chasing highs.
Bitcoin Intraday Simple Trading Checklist (Suitable for Short-term Trading)
Current Price: ≈ 71,800 USDT
1. Key Price Levels (Just memorize these)
• Strong Resistance: 72,500 → 73,500 → 75,000
• Strong Support: 70,500 → 69,500 → 68,000
2. Bullish Strategy (Trend-following)
Long Entry Range
• Rebound to 70,500–69,800 with stabilization can be considered for long
• Stop-loss: Below 69,000
• Targets:
1. 71,500
2. 72,000
3. 73,500
Breakout Chase
• Increase volume and hold above 72,500 before chasing
• Stop-loss: Below 71,800
• Targets: 73,500 → 74,500
3. Bearish Strategy (Counter-rally Short)
• Rebound to 73,500–74,500 with resistance can be considered for short
• Stop-loss: Above 75,200
• Targets:
1. 72,500
2. 71,000
3. 69,000
4. Overall Market Rhythm Today
• Major structure: High-level oscillation leaning strong, avoid expecting a big drop before breaking below 70,000
• Suitable approach: Mainly low-level longs, with occasional shorts
• Risk points: News, ETF capital flows, US stock market volatility, which can change the trend at any time
5. Practical Trading Discipline Tips
• Single trade position should not exceed 1%–2% of total capital
• Do not open trades without stop-loss
• Reduce positions gradually when targets are reached; avoid greed for full gains in one go