分析师舒琴
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Is Bitcoin going haywire? What signals are released by the sharp drop and rebound? Today, let's talk about the upcoming trends of BTC and ETH.
As shown in the picture, BTC's trend is still quite regular; it plummeted to a previous low of 87,000 early this morning and started to rebound. Since this is the bottom of the previous drops, the rebound here is actually very normal. So where can we short again?
We can clearly see in the chart that during the last rebound, it first bounced to a small resistance near 90,000 and then retested, and afterwards it came to the resistance near 92,000 to retest again. So for those who like to play short-term, you can short near 92,000, as there is a great chance to catch a 2,000-point retest opportunity. For the aggressive ones, you could short at 90,000, but it's a bit unstable; at most, try a small position.
Ethereum is even stronger, so it's better to short Bitcoin. However, overall, we successfully shorted Bitcoin yesterday, making a profit of 3,000 points. This rebound, especially near 92,000 and the previous high of 93,500-94,000, is a very good area to short again, and we can try shorting again when it comes.
Currently, the market volatility is small, unlike the bullish market where there are big fluctuations every day, so operations require more patience. When we reach the key support and resistance levels, we can take a long or short position, slowly accumulating wealth~
As shown in the picture, BTC's trend is still quite regular; it plummeted to a previous low of 87,000 early this morning and started to rebound. Since this is the bottom of the previous drops, the rebound here is actually very normal. So where can we short again?
We can clearly see in the chart that during the last rebound, it first bounced to a small resistance near 90,000 and then retested, and afterwards it came to the resistance near 92,000 to retest again. So for those who like to play short-term, you can short near 92,000, as there is a great chance to catch a 2,000-point retest opportunity. For the aggressive ones, you could short at 90,000, but it's a bit unstable; at most, try a small position.
Ethereum is even stronger, so it's better to short Bitcoin. However, overall, we successfully shorted Bitcoin yesterday, making a profit of 3,000 points. This rebound, especially near 92,000 and the previous high of 93,500-94,000, is a very good area to short again, and we can try shorting again when it comes.
Currently, the market volatility is small, unlike the bullish market where there are big fluctuations every day, so operations require more patience. When we reach the key support and resistance levels, we can take a long or short position, slowly accumulating wealth~
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