After half a month of range fluctuations, Bitcoin finally broke through the trading range limit over the weekend. From the weekly chart, the Candlestick has turned from negative to positive, and the rising trend at the 4-hour level is also showing a strong momentum. Therefore, this week we expect Bitcoin to continue to rise, aiming for the target of 125000.



For traders currently holding short positions, it is time to consider closing them. It is not advisable to stubbornly hold onto short positions, and one should take the opportunity to cut losses while there is still a chance.

In terms of intraday trading, we recommend going long at any price level. The first target is 116000. Once it re-enters the previous trading range, we suggest patiently observing. If the price stabilizes within that range and shows signs of continuing to rise, you can continue to increase your long position.

However, in this wave of rise, we must also remain cautious. It is recommended to adopt a strategy of "taking profits when they are available" to realize gains in a timely manner, ensuring returns. After all, the market changes rapidly, and protecting existing profits is equally important.

It is worth noting that the recent news of the United States imposing additional tariffs may have a certain impact on the cryptocurrency market. Investors need to closely monitor relevant policy developments and adjust their trading strategies in a timely manner.
BTC-0.25%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Share
Comment
0/400
GasFeeLovervip
· 08-04 02:50
All in again and it's out.
View OriginalReply0
AllInAlicevip
· 08-04 02:45
Laughing to death, the short order brothers are still holding on.
View OriginalReply0
NewPumpamentalsvip
· 08-04 02:33
All in and it's done.
View OriginalReply0
AirdropGrandpavip
· 08-04 02:29
I had already gone all in at the very bottom.
View OriginalReply0
LuckyBlindCatvip
· 08-04 02:28
Empty eggs must die. Do you understand?
View OriginalReply0
LiquidationTherapistvip
· 08-04 02:23
The person who cuts losses and gets on shore is always right.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)