To trade requires patience and determination, buying relies on confidence, holding depends on patience, and selling is based on determination.
Looking back at yesterday's market and thoughts, the strategy for Bitcoin yesterday suggested a short position at 965. After some fluctuations during the day, it went down, hitting a low of 940 before starting to rebound sharply. Near 947 in real trading, it was also time to take profits and exit. In the evening, with the U.S. stock market opening, the layout was also around the bearish trend, taking another 2000 points at 966 short position.
The four-hour K-line technical indicators are bearish, with the EMA trend line continuing downward. The EMA15 support has come to 96000, while MACD shows a decrease continuing downward. DIF and DEA have not yet broken the decreasing volume indicators. The Bollinger Bands K-line has been consolidating above the lower support of 94000. It is recommended to pay attention to the key resistance level above at 95500, which should not be broken. Currently, the market still appears to be in a bearish trend, and the specific market real-time trends should rely on actual trading data. #Blockchain#
Reference
Bitcoin short in the range of 950-955, add to short position near 965 on rebound, with the target first focusing on 940. If it breaks, look at 930.
For Ethereum, short at 3380-3400, with a stop-loss at 3450 and a target of 3250.
