📌01 Review of Yesterday
BTC: Lowest point yesterday 95153, highest point 99950, fluctuation 4979, amplitude 4.8%
ETH: Lowest point yesterday 3302, highest point 3514, fluctuation 212, amplitude 6.0%
📌02 Today's Analysis
BTC
Currently Bitcoin at 96000, since the drop yesterday, there has been no obvious rebound, entering a consolidation phase. This is not a friendly performance and could very likely be a downward continuation. Pay attention to the support at 95000, if it drops again, it will go to 92500!
Short-term resistance for Bitcoin: 98000
Short-term support for Bitcoin: 95000
ETH
Currently 3363, after breaking the converging triangle, just rebounded to the resistance and then started to pull back. The support below is 3200. Observe the market trend in the next two days. If it cannot break through 3400, then 3200 will be reached very quickly!
Short-term resistance: 3400
Short-term support: 3200
📌03 Article Summary
The current strategy still does not recommend everyone to go all in, and after adding positions at each low point, sell in batches once there is a rebound of more than 10%. After reaching the selling point, if there is a maximum drawdown of 5%, all added positions should be sold to ensure that the principal is not weakened.
The high point of Bitcoin has been formed, next is to look for the next high point, and then confirm the formation of a downward trend!
If you have any questions you do not understand, feel free to ask me. Welcome to join the Dragon Brother family!