The recent trend of Bitcoin has entered a critical juncture, with overall volatility continuing to narrow. Today, it remains oscillating within a converging range, at the final stage of the converging pattern.
No regrets in placing bets, which side do you choose?
Since the beginning of this week, Bitcoin has not effectively broken through the 96,000 mark, always just one step away. Since entering the tail pattern on April 24, Bitcoin has been oscillating for 6 days, with few trading opportunities.
The decline in the US stock market this evening has prompted Bitcoin to dip; currently, key support is to be watched in the 93,000-92,500 area. If it unexpectedly falls below 92,000, it would mean the end of the rebound and the start of another corrective trend.
In my personal opinion, tonight's trading strategy still leans towards going long after a pullback to the support level, with a stop loss at 92,000, continuing to be bullish for a rebound, targeting a breakout towards 95,500.
As for Ethereum, the current support range is between 1,740-1,720, with a stop loss at 1,700, and resistance is at 1,800-1,850.
Recently, it has been quite tangled. If there are profits, it’s better to take them and rest rather than watching the market!
Follow me on my path to wealth without getting lost.