Wednesday Morning Market Analysis and Trading Suggestions
Yesterday during the day, the market was in a state of fluctuation until the US market opened, after which there were significant changes. As of early today, the price has dropped more than 6000 points from the highest point of the day.
From the current market situation, the cryptocurrency price is starting to show a fluctuating trend at a low level. It is essential to focus on the resistance at the 99200 level above and the key support at the 95000 level below. Before there is a significant breakout in price, the trading strategy for the day should primarily be to buy at low levels. The specifics are as follows:
Bitcoin pullback: Buy around 96000-95500, with a target towards 99000.
Ethereum pullback: Buy around 3350-3330, with a target towards 3450.
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