Today’s Bitcoin Trading Strategy

Today’s Bitcoin Trading Strategy

From a technical perspective, the daily price has recently fluctuated between $112,000 and $116,000, with a small bullish candlestick with a lower shadow forming yesterday. On the hourly chart, there has been a slight rebound after a series of pullbacks, but the overall trend remains high. Both the DIF and DEA indicators are positive, with the DIF gradually rising, indicating strengthening short-term bullish momentum; however, the shortening of the red bar suggests weakening momentum. The hourly RSI14 reading is 60.3, approaching overbought territory but not yet fully entering a strong trend range, suggesting a further pullback may be in order. The hourly EMA7 and EMA30 have formed a golden cross, with the price trading above the EMA120, indicating a short-term bullish trend.
Short around $116,000
Long at the low of $113,300