塔可
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Bullish
#BTC☀
《Bounce or Reversal — Current Market Analysis》
Last week, Bitcoin gave long positions a harsh lesson. Following the principle of equal opportunity, today's explosive rise will also leave short positions with vivid memories. Respecting the market is never just a slogan; it must be put into action.
The trend shows that after Bitcoin broke through the resistance around 93,500, it surged, but after reaching 95,000, it began to pull back. The weekly decline was just recovered in two hours, with support around 91,000. It is also crucial that Bitcoin stabilizes at 92,000 at 8 AM; this is the support on the weekly chart.
Ethereum's strong surge is extremely disorienting. It wasn't long ago that Ethereum surged with such strength. The resistance is around 2,680, and support is around 2,380. If we can stabilize the altcoins, everyone will be happy. However, once a correction occurs, it will bring the altcoins into a deep abyss.
Taking advantage of this wave of rise, we have also reduced part of our positions. Considering the factors of inevitable declines during meetings, combined with the unemployment rate and the release of non-farm payrolls, these two major uncertainties directly affect market trends. Passing through this time node steadily is a more suitable approach at present.
《Bounce or Reversal — Current Market Analysis》
Last week, Bitcoin gave long positions a harsh lesson. Following the principle of equal opportunity, today's explosive rise will also leave short positions with vivid memories. Respecting the market is never just a slogan; it must be put into action.
The trend shows that after Bitcoin broke through the resistance around 93,500, it surged, but after reaching 95,000, it began to pull back. The weekly decline was just recovered in two hours, with support around 91,000. It is also crucial that Bitcoin stabilizes at 92,000 at 8 AM; this is the support on the weekly chart.
Ethereum's strong surge is extremely disorienting. It wasn't long ago that Ethereum surged with such strength. The resistance is around 2,680, and support is around 2,380. If we can stabilize the altcoins, everyone will be happy. However, once a correction occurs, it will bring the altcoins into a deep abyss.
Taking advantage of this wave of rise, we have also reduced part of our positions. Considering the factors of inevitable declines during meetings, combined with the unemployment rate and the release of non-farm payrolls, these two major uncertainties directly affect market trends. Passing through this time node steadily is a more suitable approach at present.
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