🚀1.2 PM Market Outlook.🚀
$BTC Opinion:
The major cryptocurrency's hourly low is rising, and the highs are also gradually increasing. In such a structure where both the highs and lows are rising, do you still want to short?
Shorting can only be done at resistance levels to take profits on pullbacks. Unless the major cryptocurrency breaks the previous low, you should go with the trend, not against it.
The major cryptocurrency broke through 95175 with volume, and the hourly close was above 95175, so you should go long on the right side and cover your stop loss.
If it retraces to 94560 and shows a false breakdown, cover with a light long position; if it breaks down, set a stop loss. Do not take long positions if there is no false breakdown recovery action.
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For the major cryptocurrency to continue rising, it must break and hold above 95348 at the hourly level, only then can we look at target positions: 96471-97316. If it can't break 95348, the risk of a decline still exists.
If it breaks down through 94560 with volume and fails to recover on the right side, you should short and cover your stop loss. Pay attention to changes in volume.
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Watch for a 2b false breakout at 96527 above the major cryptocurrency, and take a light short position; place your stop loss at the high of the false breakout.
Conservative traders wait for 93147 to see if they can take another long position; if it breaks 92526, you must stop loss.
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Upper pressure: 95738-96584-97373
Lower support: 94389-93711-92808
The major cryptocurrency can show a spike at the 4-hour level of 93596 for a false breakdown, but the closing price must not be below 93596. If it closes below, look down towards 92750-91671 to declare this wave of increase over.
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$ETH Strategy:
The secondary cryptocurrency broke through 3400 with volume, and you should go long on the right side and cover your stop loss.
If it retraces to 3367 and confirms effective support, take a light long position; if it breaks down, set a stop loss.
What you see may not be real; there are too many false signals before the US stock market opens tonight. Unless it can effectively break through the hourly resistance level of 3435, we can only look up towards 3468-3516.
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For the secondary cryptocurrency above, place a light short position at 3466; if it breaks 3500, get out.
If it breaks down through 3367 with volume, you should short and cover your stop loss.
Left-side orders: long at 3320, stop loss at 3300.
Upper pressure: 3413-3471-3518
Lower support: 3350-3329-3300
The secondary cryptocurrency must not break down below 3300 at the 4-hour level; if it breaks below 3300, it is likely to consolidate towards 3250-3165.
Be patient and wait for the US stock market to open tonight. Meeting adjourned.