Today's Market Analysis
Bitcoin has again dropped to the 66800 line in the early hours, and our bearish outlook from yesterday has been perfectly validated, capturing a 2300-point space.
Currently, the market is in a weak state, and the downtrend is not yet complete. An upward movement will not be initiated, nor will there be a direct rise. In the short term, we do not rule out further highs, but in terms of operations, we still recommend a layout of short positions at highs and long positions at lows.
Rui Xuan's Trading Recommendations:
Bitcoin: Short around 68500, target at the 66000 line, with a stop loss of 500 points.
Ethereum: Short around 2450, target at the 2300 line, with a stop loss of 30 points.
The market is ever-changing, and these suggestions are for reference only. Specific operations should be based on real-time conditions.
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