🎉 Registration for the $5 Million WCTC S7 Trading Competition is Live!
🎁 Register Now & Claim #Red Packets# for Three Consecutive Days
➡️ Register Here: https://www.gate.io/competition/wctc/s7
🧧 Red Envelope Codes will be Announced on Gate_Post According to the Following Schedule.
🔔 Red Packet Times:
— April 17, 09:00 AM (UTC)
— April 18, 09:00 AM (UTC)
— April 19, 09:00 AM (UTC)
👉 More WCTC S7 Details: https://www.gate.io/announcements/article/44440
#BTC# The four-hour Candlestick shows a bearish indicator, forming a hammer head, and there are obvious signs of Pump and Dump by market makers. The EMA15 trend support has reached 70300, which can be followed. The MACD volume encounters resistance and begins to decrease. The DIF and DEA are blocked at the high level of 73500. After the Bollinger Bands expand, the upper resistance level is 73000, and the middle support is 69150. The market enters the Overbought area, with a high probability of reversal. The KDJ forms a death cross at the high level, hold a short order, and the plan remains the same: short at the resistance level. It is important to follow the integer support level of 70000.
Short-term strategy reference: Since the market is not 100% predictable, it is important to set a stop loss for safety. The goal is to minimize losses and maximize profits.
Sell short above 72500 to 73000, defend and add to short positions at 74000, stop loss at 74500, target price is 71500 to 70500, and breakthrough point is 69500
Below 69000 to 69500, defend 68500 Margin Replenishment, stop loss 500 points, target 70000 to 71000, break position 72000
The specific operation is mainly based on real-time data from the Order Book, and the strategy is activated to take profit on its own!