After a wave of sharp declines in the market overnight! Although the drop was quite severe at nearly 5%! It can be seen that the current Bitcoin is still within the range of the consolidation box and has not broken the range, which is still considered normal!
In contrast, the second cryptocurrency has really been going south all the way! The drop exceeds 11%, but from a structural perspective, it is still moving quite normally, and like Bitcoin, it has not broken the range! The current price of $2500 is at the lower edge of the box, and the price trend ahead shows that there is relatively strong support at the box, indicating that there are quite a few buy orders from the market makers here!
Therefore, our operating strategy is to wait for the price to pull back to the lower edge of the box, and if it forms a long lower shadow or a bullish candlestick pattern, we can enter a light long position!!!! The same operating strategy applies to Bitcoin!!! If the price of the second cryptocurrency drops to $2405, we can enter a long position with a stop loss at $2335 and a take profit at $2367 #加密市场回调 #以色列伊朗冲突 #币安HODLer空投HOME