Bitcoin Market Analysis #3.7
Bitcoin has surged and then retreated again, indicating that the selling pressure at the 96,000-100,000 range is very strong. Analyzing from a technical perspective, it continues the oscillation mentioned in my posts from a few days ago! A significant volatility has appeared on the 4-hour chart, so traders should avoid taking positions in the middle or at high levels. Instead, they should adopt a strategy of shorting at high levels when momentum is exhausted. Tonight's non-farm payroll data and the cryptocurrency summit will widen the volatility range, so operational suggestions can be referenced around these points.
Bitcoin
⬇️: K
Entry: Stable around 96,600 Aggressive 92,800 Short-term around 90,100
⬆️: D
Entry: Stable around 83,100 Aggressive around 85,500
Ethereum
⬇️: K
Entry: Stable around 2,368 Aggressive 2,259 Short-term around 2,217
⬆️: D
Entry: Stable around 2,024 Aggressive 2,055 around 2,127
Please remember to always set stop-loss orders! Prevent liquidation!
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