Continuing, we have now seen BTC rebound.
Now let's talk about the subsequent trading logic and trading plan.
First, the trading logic for BTC:
1. Before the election announcement, BTC's overall structure was mainly a downtrend. Then from October 29 to today, it has been mainly consolidating at a low level, with the consolidation range roughly between 76,200 and 78,000.
2. Under the disturbance of macro conditions, this variable leads to the possibility of reversing the main structure (downtrend) into a low-level consolidation turning into an uptrend. (Note: this is a possibility, it could also continue to fall sharply following the trend.)
Trading plan:
Today's price action quickly hit near the lower edge of the low-level consolidation range, which is 76,200, with increased volume within 1 hour, quickly dipping and then closing up at 76,200.
On the news front, Trump admitted defeat and is willing to cooperate. Current reports say both the House and Senate belong to the Democratic Party, which is the clear line.
Based on the above information, my trading plan is:
Step 1: Design according to the reversal, that is, now it looks like the main upward trend is starting here.
So I bought and went long on a batch of tokens, such as ARB, UNI, NEAR, and AAVE — these four.
Step 2: Confirm if this is just a rebound?
As long as it cannot break through 79,160 with volume, it is resisted here, so treat it as a rebound.
Step 3: How to confirm a trending market and when to roll over and add positions?
If it stands firm above 79,160 with volume and the pullback does not break below, then add positions in altcoins.
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