12.3 Cryptocurrency Market Thoughts
Looking back at today’s market trends, there was a sharp decline from 97335 in the early morning, reaching a bottom of 94395 at 1:45 AM. After a drop of three thousand points, a rebound occurred, but the rebound was clearly weak, and it is difficult to see a strong upward movement to break new highs in the short term. It is expected to enter a consolidation phase.
Recently, trading in Bitcoin and altcoins should be concentrated between 6:30 AM and 10:30 AM. Everyone should be cautious to avoid double positions.
It is recommended to trade within the Bitcoin fluctuation range of 94000 to 96400, primarily focusing on buying the dips. For altcoins, trading between 3520 and 3650 is advisable, with a recommendation to focus on short positions.
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