After the US stock market opened in the evening, the market fell again, breaking below the intraday support of 93500, and continued to be blocked near 92300, not giving too much continuation to the bears. During the day, we also reminded everyone to treat it with the idea of wide fluctuations, and there is no need to pursue a strong one-sided trend. After the US stock market opened in the evening, the fluctuations intensified; the price ratio reached a low of about 92400 at midnight, rebounded, and then returned to around 95000. Ethereum, on the other hand, was relatively strong, with a midnight low of about 3270 forming a rebound, currently at the 3450 level.
At this stage, in terms of overall rhythm of Bitcoin, there are obvious signs of repairing upward in the short term. The K-line has successfully formed a five consecutive positive trend, and the upward momentum cannot be stopped. Additionally, the price ratio has successfully broken through the middle track and stabilized above it. All indicators in the auxiliary indicators clearly show a bullish trend, so in the morning, our trading strategy for Bitcoin is still to follow the current rhythm and go long!
Trading Suggestions
Buy Bitcoin near 94200 Target 96000
Buy Ethereum near 3400 Target 3480
