Midnight Thoughts and Operational Suggestions
Tonight, Bitcoin has also tested 85000 twice, the vehicle is too heavy, shedding some long positions, currently more long positions have been liquidated than short positions. Is it time to start a bloodbath on long positions?
The Bitcoin trend has completely become independent of market and indicator analysis, on the daily level, it has closed with a bullish candle for the seventh consecutive day, although today’s daily candle also closed bullish, the body is relatively small, with long upper and lower shadows, reflecting that market sentiment is beginning to show divergence. Although the upward trend has not ended, due to the rapid increase recently, a significant pullback is expected in the short term. Today's pullback has approached 5000 dollars, and it is expected that it is not yet in place. The expected level is around 81500. As long as 80000 holds steady, a new round of rebound will increase again. Whether this pullback is to accumulate strength for the next assault on 90,000 points depends on whether 80000 can hold, so there is no need to panic too much, the key is to seize the opportunity. Strategies recommended for the evening.
Suggestions:
Bitcoin 89000-88700 range, look for 88000-87500 range
Ethereum 3290/3320 range, look for 3250-3220 range