7.8 Morning Thought Analysis
The major cryptocurrency fell in the evening influenced by the U.S. stock market opening, reaching a low of around 107500 at midnight. Considering a series of issues arising from news, the bearish outlook remains unchanged in the morning; be sure to set stop-loss orders and avoid holding positions against the trend.
Morning Trading Strategy
- Short near 108800 for the major cryptocurrency, looking down towards 107200. If broken, further down to 105000.
- Short near 2580 for the altcoin, looking down towards 2500. If broken, further down to 2450.
Personal advice is for reference only
