A week is quietly slipping away, and our Dragon Boat Festival is approaching. This week is also coming to an end as we reach Friday. Today, Bitcoin has gained over three thousand points, while Ethereum has gained over two hundred points. This is the strength of our team, precisely grasping the market conditions.
From the current market perspective, on the daily level, Bitcoin's top is under pressure, and it has peaked on the daily chart, with a weak rebound hiding danger. The current price comparison is still in the oscillation range after peaking on the daily level, with the previously emphasized key resistance zone around 1085 continuing to suppress upward movement. Currently, there is one rebound followed by one pullback, and the rebound after the pullback is merely a technical weak rebound, touching the support level of the two-day line. If it breaks below the strong support zone of 106500-10500, the short-term oscillation trend will be completely terminated, potentially triggering a deep correction! As for Ethereum, it has already broken the key support of 106000 earlier. The current price position is a battleground for both bulls and bears. If it can firmly stand above 2800, it will directly strengthen Ethereum. Conversely, if it continues to be pressured and falls back, the short-term bullish position will collapse entirely!
Early in the morning, Bitcoin still follows the strategy we suggested in our last operation. Go long at low levels and short at high levels. We will wait for the market to become clearer before determining our long-term targets. Now, go long at 106500. The target is 108500. Once it stabilizes at the pen stand, short positions can be entered. #交易类型入门 #币安Alpha上新