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#Gate ETH十周年理财专区# 2019.30 Morning Market Overview: BTC's long and short positions are seamlessly connected. Are you keeping up?
BTC formed a doji in the morning, oscillating upward within the intraday range.
Yesterday, after breaking through 11.83 and stabilizing, I entered a long position with a strong bullish line, exiting at 11.91 for a profit of 800 points; I shorted when it broke below 11.83, exiting at 11.72 for a profit of 1100 points; a seamless back-and-forth between long and short positions netted 1900 points, while the long position set up at 11.72 is currently profitable; did you keep up with the trades during the day?
BTC is still oscillating in the range of 11.72-11.9, which gives us trading opportunities; 11.83 is the resistance level, hold the long position at 11.72 unchanged, reduce the position at 11.83; for those without positions, wait for a breakout and stabilization above 11.83 to chase long positions, with targets at 11.91 and 11.97, and a stop loss at 11.76; conversely, if it breaks up and then falls back to 11.83, forming a false breakout, take short positions with a stop loss at 11.9, targeting 11.74 and 11.7.
Short sell at 11.9, stop loss at 11.97, targets at 11.83, 11.77, and 11.72; long buy in the 11.76-11.72 range, targets at 11.83 and 11.91.
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