Bitcoin is fluctuating upwards, Ethereum/altcoins are rising across the board
I stayed up quite late last night. The weekend market will not have large fluctuations as it adjusts. Looking back at yesterday's recommendation for Bitcoin at 96,000, the evening opening of the US stock market also reached the take profit point of 90. The range of 960-989 has a space of 3,000 points. I entered the market in real-time and I'm not sure how many people caught that. There was a reminder to continue the upward trend before the US stock market opened; if the price retraces, do not go short! How are those who keep saying they see 880-890 doing?
Currently, from the daily chart of Bitcoin, the bulls still have some rebound space, closing around 98,200. Based on the chart, the weekend will be fluctuating around 98,000. If it breaks below the support level near MA14, consider entering long at 970-975. The upper resistance level is near MA30, and if the previous high is broken, we can look at the 100,000 mark. Currently, the MACD bears are still decreasing in volume, forming a golden cross phenomenon. The four-hour chart is running in the middle and upper bands of the Bollinger Bands, with attention on 99,300. The specific strategy should still be based on real-time data; the market changes rapidly and the direction should be adjusted in a timely manner!
Is there still a lot of positions stuck over the weekend? This is what Jiu Ling often mentions about the trend being wrong. Staying up late to watch positions is also wasted effort. The trading methods you bring back to the market will never last long in the trading market. A trading system and trend-based trading ideas are very important! Over the weekend, I can offer three fan spots for leisure time, sharing the core of trading on the seventh anniversary of Jiu Ling in the cryptocurrency circle! $BTC