Pai X
Pai X|Aug 29, 2025 03:27
BTC update After yesterday's upward move, as mentioned below, the price faced significant resistance and pulled back sharply after touching the upper boundary of the 4-hour channel. Currently, the focus should be on specific price actions within the channel, especially around the midline and lower boundary of the 4-hour downtrend channel, as well as the lower boundary of the daily channel. This will help in formulating a reasonable trading plan. From the current perspective, the idea of entering long positions is still centered around the rebound strategy. In other words, Bitcoin is still fluctuating within a top formation, and the possibility of the downtrend extending remains greater than an upward breakout. Adopting a cautious rebound trading strategy seems reasonable. Yesterday, I already took profit on the BTC bottom-fishing trade and shared it in the teaching group. However, the teaching group mainly focuses on education. Aside from sharing tweet insights there first, I occasionally share other trading strategy details. The goal is still to guide everyone to better understand and learn about pattern structures.
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