#coti COTI Current Market In-depth Analysis and Trading Strategy
Market Trend
COTI shows a clear trend of long orders at the 1-hour, 2-hour and 4-hour levels, which shows that the long forces in the current market are relatively strong. In this market context, we need to pay special attention to the key long and short price at the daily level - 0.11727, which will become an important reference for us to judge the market trend.
Trading Strategy
🔴 Long Strategy
If COTI can stand above the key price of 0.11727, we can judge that the general direction of the market will be mainly long. In this situation, we need to focus on the upper pressure levels, especially around 0.11964, 0.12198 and 0.12360. If the market can successfully break through these pressure levels, it indicates that the market will rise further and bring considerable returns to investors.
🔵 Short Strategy
However, the market is always full of variables. If COTI cannot stand above 0.11727 stably, we need to be alert to the risk that the market may turn to the short side. In this case, the support level below will become a key reference for us to judge whether the callback is over. Specifically, 0.11588, 0.11487 and 0.11370 will be important support levels. If the market gets support near these positions and rebounds, it may mean that the callback is over and the market will enter a multi-party dominated market again.
Summary
When trading COTI, investors need to pay close attention to market dynamics and formulate appropriate trading strategies based on market trends and key prices. At the same time, stay calm and rational, avoid blindly following the trend or chasing ups and downs to ensure trading safety and obtain stable returns.
Yesterday, the US Bitcoin spot ETF had a net inflow of US$222 million, and this week it increased its holdings by more than US$1 billion in BTC
Odaily Planet Daily News According to HODL15Capital monitoring, yesterday the US Bitcoin spot ETF had a net inflow of US$222 million (3,315 BTC), and a total of more than US$1 billion in BTC was purchased this week.
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