Survival Rules in the Cryptocurrency Market: Mindset is Key
On Tuesday, the market plunged sharply due to breaking news. Following Trump's warning about Tehran, Bitcoin dropped to 106068 before rebounding to 107727, while Ethereum recovered from 2524 to 2617.
From a technical perspective, the four-hour chart shows a rebound after maintaining the mid-line support at 106000, forming a healthy rebound. The one-hour chart has regained the mid-line, indicating a second buildup for the bulls.
Trading Suggestions:
Long Bitcoin at 106500-107000, targeting 108900-109500;
Long Ethereum at 2550-2570, aiming for 2680-2740.
