"Jack's Trading Classroom: BTCUSD four-hour buy conditions met"

Currently, we are looking at the 4-hour candlestick chart of BTCUSD. Bitcoin reached a high of 58500.0 earlier, then dropped significantly to a low of 44911.0, a decrease of 13589.0 US dollars (23.23%).

Currently, we are looking at the 4-hour candlestick chart of BTCUSD. Bitcoin reached a high of 58500.0 earlier, then dropped significantly to a low of 44911.0, a decrease of 13589.0 US dollars or 23.23%.

From a technical indicator analysis, Bitcoin retraced to the EMA144 and EMA169 moving average support channels on the 4-hour chart. Before the EMA12 filter line crossed below the EMA144 and EMA169 channels, closing above the EMA12 filter line objectively indicates that the conditions for buying after the retracement are met.

Due to the distant stop-loss level below the previous low of 44911.0, it is recommended to carry out this bullish operation with spot trading. If using leverage in futures trading, it is advisable to keep it below 7 times, with the liquidation price set below the previous low of 44911.0, and the profit-taking target to be determined based on future market conditions.

In recent days, the cryptocurrency market has experienced significant volatility. It is advised that operators strictly implement risk management and avoid high leverage and high contract volume operations to prevent additional losses caused by volatile market conditions. This article reflects personal opinions, please read with caution, as cryptocurrency trading may pose risks to your capital.

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