The Bitcoin market over the weekend was quite stable, hovering below 86500 all day, with minimal fluctuations. Both bulls and bears are locked in a silent stalemate, with the price firmly locked in a narrow range.
After my in-depth research on the market and analysis of various technical indicators, the early morning will be an excellent entry point. The market has been oscillating below 86500, and the Bitcoin price has attempted to break through multiple times without success, with significant selling pressure above. As long as the price encounters resistance at this level, it is highly likely to decline. Mu Xin suggests adopting a high short strategy.
BTC: Short in the range of 87000 - 87500
Target: 85000 - 84000.$BTC #白宫首届加密货币峰会
Zhi Sun: 88300
Once the Bitcoin price breaks through 88300, the market pattern will change, and the upward trend may continue. We need to abandon the short-selling plan and timely change our mindset to seize opportunities and achieve profits in this ever-changing cryptocurrency market.
