Bitcoin has been in a continuous decline. Is it about to face another major setback?
After several days of downward movement, the space for this round of Bitcoin's correction has once again widened, leading many investors to question the market trend.
From the current market situation, it is still possible to remain bullish. The support space below is relatively limited, while the potential for upward movement above remains vast.
In terms of operation, a small position defensive strategy can be adopted to aim for significant space. If a mistake occurs, the maximum stop loss would be a few hundred points; however, if successful, it could yield profits in the thousands of points. Even in the event of a loss, one can recover by holding on and achieve profits in the next upward movement.
Operational suggestions:
Long Bitcoin in the 94000-93500 range, targeting 98000;
Long Ethereum in the 3300-3280 range, targeting 3500.
