1. Sunday, Bitcoin Evening Trading Strategy!
After the price of the coin rose to the 105600 area during the day, it faced downward pressure, dropping to a low of 103400 before rebounding. Currently, it is consolidating around 105000. The bearish outlook in the early session was accurately validated, and the entry point was at its peak! The positions of the students are also rising steadily! All I can say is pick it up with your eyes closed!
Returning to the current market, the short-term rebound momentum is insufficient, and the market rhythm is slow, but overall it maintains a weak downward trend. The candlestick chart also shows signs of weak retracement, and the MACD moving average indicator is pointing downwards. The main structure is still bearish, and the market has a flavor of continuing to fall! Therefore, the strategy should still be to sell high and buy low!
Sunday Evening Trading Recommendations
Focus on the upper resistance level of 106000-106500, and the lower support range of 102500-102000 for high selling and low buying.
That's all I have to say. I wish everyone smooth trading. If you're unsure or not doing well, just stick to picking up coins at the bottom!