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- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
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Wall Street Encryption Daily: After a 1k rebound, beware of a bear market counterattack!
The support level of 112700 has been validated and has become the starting point for this round of rebound, with the current increase exceeding 1k points. However, it is important to be cautious as the trading volume has not significantly increased, and bears may take the opportunity to counterattack, potentially causing prices to test the bottom again.
Operating Strategy:
Positions holders should reduce their positions in batches in the range of 114500 to 115000 to lock in profits.
Open a new position, 113300 light position to test long (30% position), add position after stabilizing at 112700 (50% position); the core principle is not to chase highs, wait for a pullback to buy low.
If it breaks below the support of 112700, it may trigger a second bottom test, and strict stop-loss measures are required. Market sentiment remains cautious, and it is advisable to avoid heavy overnight positions.
Investment carries risks, operate with caution, and bear the risks yourself!