Monday Morning Strategy

The price of Bitcoin surged to around 92000 early this morning but encountered resistance and fell back, reaching a low of 90600. The overall market is still in a wide range of fluctuations. The technical analysis shows that the bullish momentum on the daily chart is gradually weakening, and the candlestick has turned from bullish to bearish, clearly signaling short-term pressure; on the 4-hour chart, the bearish momentum is increasing, with the price breaking key support along with the volume.

Based on the current trend, the morning trading strategy suggests focusing on short positions when the price rises, with specific levels as follows:

- BTC: It is recommended to place short orders in the range of 90900-91500, targeting the area of 89000-88500.

- ETH: It is recommended to place short orders in the range of 3030-3060, targeting the area of 2900-2955.

#Crypto #Cryptocurrency Trading