Jack's Trading Room | BTCUSD buy conditions across different time zones

On April 28, 2021, we published a technical analysis titled "BTCUSD Institutional Order Principles (Concepts)", in which we mentioned at the end of the article, "Future upper resistance should focus on the 56349.0 level, which can be considered as the institutional average buying price. If the price effectively breaks through this level, Bitcoin is highly likely to continue its strength within the daily chart."

Conclusion

Both the 4-hour, 12-hour, and daily candlestick charts are showing long entry conditions. At this stage, the operation should focus on the bullish side and avoid shorting against the trend. The biggest price increase of Bitcoin in this bull market has not yet appeared, so patience is advised.

In recent days, the digital currency market has seen 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 represents personal opinions. Readers should exercise caution and virtual currency trading may pose risks to your capital.

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