Based on the intraday market conditions, the cryptocurrency prices can be said to be stabilizing. BTC is fluctuating around the 114,000 mark, while ETH is oscillating around 4,300. Lao Wang expects significant volatility in the cryptocurrency prices after the U.S. stock market opens in the evening.
Now, in the afternoon layout, Lao Wang suggests that everyone should remain inactive in the short term and quietly wait for the white market to pass and the trend change to conclude, as this is the safest approach. If there are any bold friends, Lao Wang suggests trading BTC. Is the recent downward fluctuation really opening up a gap? That’s a death knell! ETH, on the other hand, is showing a convergence in the 15-minute short-term, which will cause the price to fluctuate within the 4,280-4,320 range. Friends who wish to position themselves later can trade high and low within that fluctuation range. But remember to be cautious of any trend changes.
Trading Suggestions:
Bitcoin 113,000-113,500, watch 114,500
