Crypto Circle Academician: Bitcoin and Ethereum once again enter the southern hunting zone at 7.3! Short-sell or lay out long positions? Latest market analysis and reference suggestions explained
Bitcoin (BTC) Latest Market Analysis
As of the time of writing, the current price of Bitcoin is 108200. You can review the analysis from yesterday in the previous article; those who missed the northern move at 105500 are advised to wait for the next stop. The first stop at 107000 has been reached, and the second stop at 108500 is also approaching. You can consider exiting at this station. The thought process returns to the trend resistance level from the day before yesterday. If it doesn't break southward, continue; if it breaks, consider a northern move. As for a detailed analysis of the order book, due to offline reasons, I won't write too much for now. Once I finish this busy period, I will elaborate further. Feel free to reach out for communication
The intraday point references are as follows:
If the price is between 108500 to 108900 and doesn't break south, stop-loss at 300 points, first target 107000
If the price breaks between 108500 to 108900 and goes north, stop-loss at 300 points, first target 109500
Ethereum (ETH) Latest Market Analysis Reference
As of the time of writing, the current price of Ethereum is 2500. The long-term cycle and short-term cycle are different, but the connectivity of Bitcoin and Ethereum is the same. Bitcoin rebounded at 105000, while Ethereum is effectively supported in the 2380 range at the 0.382 golden ratio line and trend support. Therefore, you can open a northern position. As for detailed strategies, you can refer to earlier articles. Currently, Ethereum has returned from 2400 to 2500, indicating that the main force will continue to test the pressure zone at 2520. At this position, you can choose to go south, but be prepared for a stop-loss; consider the stop-loss before considering the profit
Intraday point references:
If the price is between 2530 to 2500 and doesn't break south, stop-loss at 30 points, first target 2430
If the price breaks between 2530 to 2500 and goes north, stop-loss at 30 points, first target 2590
Specific operations are based on real-time order book data. For more information, you can consult the author. Article publication may have delays; recommendations are for reference only, and risks are self-borne
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