1.10 Cryptocurrency Market Plummets for Three Days, How to Navigate Today
On Thursday, Bitcoin continues to fluctuate and decline, hovering around the 95000 position throughout the day. During the European and American trading sessions, it gradually picked up momentum and fell to around 92000; the movement aligns with expectations;
1: Yesterday morning, I bought low at 94300, exited near 94500 to short, successfully reaching the target; I also made some profits in the short term;
2: There was pressure at around 91800/3220, and then the upward movement was relatively strong, reaching 94600/3340, capturing another 2000/120 points, before dropping to a new low of 91000 in the early morning!
Currently, in the overall market:
1: Trend: Medium trend, at the lower Bollinger Band on the daily K-line level, the current 90000 is an important psychological support level below the market. If it continues to break down today, look for a short position at 86000. If there is a reversal today, aim for 95000. Today's non-farm payroll data is crucial for navigating the American market!
You can go long around 92000/3200, with a stop loss at 91500/3160, and target the area above 94500/3300!