$BTC Friday Mainstream Coin Strategy
The price of Bitcoin has been fluctuating at a high level recently, showing multiple bearish candles, indicating significant selling pressure in the market. On the daily chart, a downward trend has formed, with several consecutive days closing prices below opening prices.
The MACD on the 4-hour timeframe is in the negative territory, and the fast and slow lines have crossed downward, suggesting that it may continue to weaken in the short term. The RSI value is near the oversold zone, but has not entered an extreme oversold state, indicating there is still some room for a pullback.
For intraday trading, it is suggested to enter long positions at high levels for Bitcoin at 112500 to 112000, with a target near 100500, and for Ethereum at 2650 to 2680, with a target near 2500. The market conditions are constantly changing $ETH