Cryptocurrency Circle Yuelin 1.8 Wednesday, Bitcoin, Ethereum morning strategy!
Good morning, cryptocurrency friends! I am your lucky goddess Yuelin. Yesterday morning, the market was in a turbulent state until the U.S. market opened, at which point there was a noticeable movement. As of this morning, it has dropped more than 6000 points from the day's highest point.
From the 4H chart, the support below has reached the bottom, and multiple support levels will become key for a rebound. After the sharp decline, there was no chaotic spike; it merely went through a wave of turbulence, indicating only a washout of long positions. The 4H chart is clearly in an upward state. From the current market perspective, the cryptocurrency price has started to show a fluctuating state at the bottom. One should pay attention to the upper pressure at the 99200 line and the key support at the 96000 line below. Until there is a clear break, the operations for the day should mainly focus on low entries.
Wednesday morning operation strategy:
BTC: 96000-96300 buy, target around 97800-98100
ETH: 3375-3384 buy, target 3452-3460
The above thoughts are just Yuelin's personal trading logic and should not be considered as investment advice for anyone. They are for reference only. The market fluctuates rapidly, and specific operations depend on the actual situation. The data is time-sensitive. If this article is helpful to you, following and liking is a support and affirmation for me.
