Saturday Afternoon Bitcoin and Ethereum Trading Suggestions and Direction Sharing
Only with enough effort can one be sufficiently lucky. To obtain the best things in this world, one must first let the world see a better version of yourself. You don't necessarily have to turn the tide against the wind, but you must definitely grow towards the sun. After the positive CPL was announced last night, there wasn't much market fluctuation. This is also the first 5-star CPL in recent times, which is quite rare. Last night, Bitcoin rose to around 112000 before facing resistance and quickly fell back to around 109600 to stop the decline, and then began to oscillate upwards, currently running around 110900 with some fluctuations,
From the current market perspective, the 4-hour level shows that it is still in a slight upward oscillation, still within the rising channel, slowly stretching and attempting to break through the pressure point around 1120.00. In the short term, it is facing a pullback pressure, currently supported around 109500, with resistance above at around 120200. The price is running above the mid-track around 1109800, with the upper track at 111800 forming short-term pressure. In the short term, it will still enter a narrow range oscillation. Old Zhao's trading suggestion is still to trade short-term with light positions,
Bitcoin can be shorted around 111800 to 111300, focusing on 109000.
Ethereum can be shorted around 3960 to 3930, focusing on 3820.
