If the US stock market is as weak as expected before the market opens,#BTCwill have to do a good job of defense tonight.
The most optimistic scenario is to maintain a small range of fluctuations, but since the current liquidity is not very good, if there is a large amount of capital buying and selling, it is easy to have large fluctuations.
In the short term, for 1-hour and 4-hour defense, the priority is to refer to the 58,200 4-hour support. The key defense support is to refer to the daily support, which has been mentioned in the previous article.
I continue to hold my short position, and I have not considered taking profit for the time being. The stop loss is placed at the 60,650 daily high mentioned last week.
Finally, I said something off topic. It is said that every meeting will fall. This week coincides with SG Token2049, and the interest rate meeting has determined a rate cut. Shouldn't we still fulfill this "old saying"?
