Friday, European pie, auntie, sharing strategies

The Bitcoin market is like a tug-of-war, with bulls and bears competing fiercely within a narrow range. In the morning, the bulls tried to break through 68,500 points but were blocked again. As the saying goes: only three things can happen. The continuous upward attack failed to show the strong resistance above. Therefore, we must be alert to possible correction risks at this time.

In the technical structure analysis, the four-hour chart shows that although the market tried to break through the previous high, it failed to last and a correction occurred. Despite this, the downward trend is not significant, and the price has touched the mid-range multiple times but has never been able to substantively fall below it, showing strong support. Overall, the bullish trend is still evident. In the short term, we need to pay attention to the resistance level of 68,000 points. Once it breaks through and stabilizes, it is expected to continue to rise. Yesterday, the daily line turned negative from a high level. After a sharp rise, the high level shock made people alert to the possibility of a correction. Under the current situation, the 68500 area is still facing a stress test. If there is a rebound in the afternoon, short-term operations can be considered.

Operation suggestions

BTC short-term: 68500–68200 short, target 66600–65000

ETH short-term: 2675 empty target 2580

The situation is stable and the winning streak continues. I am uncertain about the long and short positions. I have a clear strategy and move forward hand in hand! Create brilliance together. #美国大选如何影响加密产业？ #BTC要挑战7W大关了吗？ #特朗普家族加密项目 #美股财报季来袭 #美国9月零售销售增幅超预期 $ETH $BTC