Gold plummets, Bitcoin remains steady! The cryptocurrency market is still the current mainstream. Looking at Bitcoin's recent market performance, it is still in a sideways consolidation phase, fluctuating around the range of 106000-103500. There is no clear direction for bulls or bears, but considering the recent momentum, a weak structure is gradually forming, and the lower support is also being tested step by step. We are just waiting for the day it breaks out. Our main strategy this week is to focus on going long, but the price has consistently failed to break the strong resistance at 106000 above, maintaining a fluctuating operation within the range. In fact, we have always believed that the market would continue its previous upward trend, reaching 11 or even 15 again, but the trend of the price change has not gone as expected. One can look at historical trends; each time a new high is broken, it is accompanied by a deep correction for adjustment. Therefore, we no longer hold too much confidence and believe it is key to first assess small structures before judging the direction of the larger cycle. Recently, we continue to maintain a bearish arrangement. Bitcoin can be shorted around 105600-105800 with a target of 104000. Ethereum can be directly shorted around 2650 with a target of 2550#我的COS交易 #币安钱包TGE #Circle扩大IPO规模 .
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