It's a new week again! Today's deduction is quick to see!
After several times of inducing longs over the weekend, the market came to 66105u as I said many times last week in the early hours of this morning! As the first support level at the daily level, it did rebound after the market price reached it, but the strength was negligible. At present, the daily line is still in the bullish force. In line with the principle of following the trend, the short-side strategy will not be discussed here for the time being.
Bitcoin's intraday strategy is still dominated by long orders, but the four-hour level has just entered a callback market and will not end in a short time. It is impossible to give a specific strategy at the moment, and we need to wait! But we still need to pay attention to whether the position of 66105u will be completely broken. If this can't hold up, the next support level at the daily level is 64884u. The reason why I don't talk too much about this kind of short order against the trend is that this kind of order is too time-sensitive. It is extremely easy for novices to lose money. Experienced veterans don't need me to teach them. Therefore, following the trend is the safest and most long-term strategy.
As I write this message, the market is also undergoing subtle changes. If 66105u can hold up, you can wait for the one-hour level to close at 66433u and try to open a light position with a stop loss price at 65920u.
Ethereum's first daily support is at 3017u, which is a strong support level with great strength. Currently, Ethereum is also in a callback at the four-hour level like Bitcoin, but if the position of 3051u can hold up first, you can consider opening a long position here with a stop loss price at 3024u.
The strategies I give are never ambiguous, but as of 8:30 am today, it is indeed difficult to come up with a stable and cost-effective strategy in the current market. I will always pay attention to changes in the market, and will release specific strategies as soon as possible!
