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#BTC☀
Today's Analysis——#BTC $BTC
Since reaching a high in March, the 69600 region has been a strong resistance level on the daily chart. However, unlike in the past, the EMA below is in a bullish arrangement, and the upward trend line that started in September has not been broken, indicating a bullish outlook for the medium to long term. From another perspective, the current international turmoil and the investigation into Tether may suppress demand. Therefore, my personal trading strategy is to enter near the EMA30 for a more suitable risk-reward ratio. If trading short-term, Ethereum can be chosen for operation:
Variety: ETH
Direction: Short
Entry Position: 2509-2538
Definition: Intraday Short-term
Take Profit: Real-time Notification
Stop Loss: 2572
Risk-Reward Ratio: About 1.8
Today's Analysis——#BTC $BTC
Since reaching a high in March, the 69600 region has been a strong resistance level on the daily chart. However, unlike in the past, the EMA below is in a bullish arrangement, and the upward trend line that started in September has not been broken, indicating a bullish outlook for the medium to long term. From another perspective, the current international turmoil and the investigation into Tether may suppress demand. Therefore, my personal trading strategy is to enter near the EMA30 for a more suitable risk-reward ratio. If trading short-term, Ethereum can be chosen for operation:
Variety: ETH
Direction: Short
Entry Position: 2509-2538
Definition: Intraday Short-term
Take Profit: Real-time Notification
Stop Loss: 2572
Risk-Reward Ratio: About 1.8