Friday strategy sharing

Bitcoin experienced a deep V-shaped reversal in last Sunday's trading. The price once fell to the 58,900 area, giving the impression that it was about to fall below the key support level. However, the market soon showed its strong rebound ability, and the price quickly rebounded, reaching a high of around 60,200. From the overall rhythm, Bitcoin is still in a cycle and has not been able to break through clearly.

At present, the long and short sides in the short term are fiercely competing for the volatility and continuity of the market. Closely follow the two key price levels of 60,500 and 58,000, which have become important indicators for measuring market sentiment and trends.

In this case, we should be cautious and follow the principle of "no break, no disadvantage" to treat the current consolidation rhythm.

Position suggestion

BTC short-term: 60500 short target 58000

ETH short-term: 2420 short target 2300

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