#Launchpad XPL Open

9.24 BTC Strategy:

From the 1-hour chart of BTC, the short-term trend shows clear bearish signals:

MA5, MA10, and MA20 are in a bearish arrangement, and the price is continuously pressured by short-term moving averages. However, a strong support has formed around the 111400 level, and the indicators on the hourly and 4-hour charts have entered the oversold zone, with the candlestick chart showing multiple lower shadows, indicating that there is buying support below.

If you can't wait and are afraid of missing out, you can take short-term opportunities with light positions. Focus on the support level at 111400; if this level is broken, you can continue to look down. If it stops falling near the support level, you can consider placing long orders at appropriate positions. The initial target for long orders is 113500, and if it breaks through, you can further look at 115000. It is essential to strictly control your positions and manage risks during operations. Today's strategy is based on a low-long approach. [In the trading signal]

Operation Idea:
—BTC is positioned near 111000-111500 for a single order, with a target first looking at 113500. If it breaks through, look up at 115000, and pay attention to defense.
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