"Jack's Trading Classroom: BTCUSD Four-Hour Bullish Pullback Strategy"

Currently, we are looking at the four-hour candlestick chart of BTCUSD. Bitcoin quickly dropped after hitting a high of 42097.0 earlier. The long position entered based on the 15-minute candlestick chart triggered a stop-loss exit at 36500, and the price dropped to a low of 30404.0, marking a 27% decline.

Currently, we are looking at the four-hour candlestick chart of BTCUSD. Bitcoin quickly fell back after reaching a high of 42097.0 earlier. The long position entered based on the 15-minute candlestick chart triggered a stop loss at 36500 and exited. The price then dropped to a low of 30404.0, a decrease of 27% from the high.

This low point is supported by the moving average channels formed by EMA144 and 169. After bouncing off the support moving average channel, the price rose to around 34600. We can consider this as a retracement within the four-hour cycle.

The four-hour bullish trend has not reversed yet, with the premise being that EMA12 cannot cross below the support moving average channel. If the price closes above EMA12, the previous low of 30404.0 can be set as the stop loss level. *Note: This stop loss level should be determined based on the closing above EMA12 at that time, for entering long positions. The support and resistance levels on the four-hour Bitcoin chart can be referenced by the black horizontal lines on the chart.

In recent days, the digital currency market has experienced significant volatility. It is recommended that operators strictly implement risk control measures and avoid high leverage and high contract volume operations to prevent additional losses caused by volatile market conditions. This article is for personal commentary, please consider it carefully, as cryptocurrency trading may pose risks to your capital.

WeChat Official Account: Jack's Trading Classroom
Official Telegram Channel: https://t.me/JackCryptoRoom