Thursday Morning Trading Ideas

Although the short-term bulls did attempt to push higher, the continuation clearly lacks strength, so for intraday trading, we still mainly focus on selling from high ground.

Looking back at yesterday’s market, during the Asia and Europe sessions the overall trend remained in a sideways, choppy rhythm. After the US market opened, BTC retested the 73,500 area and stabilized, then gradually moved higher. In the early morning, it strongly broke through the short-term resistance level, with the highest reaching 75,400; it is now pulling back and consolidating around 74,600. This upward move has put some pressure on the bears, but overall it remains within a controllable range.

From the four-hour structure, the price action is relatively strong but not smooth enough. After each round of upside, the subsequent pullback appears to lack momentum. The 76,000 level is still a key watershed. If it cannot be effectively broken through, the bulls’ upside room will be difficult to truly open up. Therefore, even if the short-term bias looks bullish, it is not recommended to blindly chase longs.

For the intraday outlook, keep the same approach: prioritize placing short positions at high levels, and wait for a pullback before considering going long at lower levels.

Consider placing short orders in batches within 74,900–75,400. Watch support in the 73,500–72,500 area. $BTC ‌#GatePreIPOs首发SpaceX