Wednesday Afternoon Bitcoin Operation Strategy!
Recently, the cryptocurrency price has been continuously operating within a range, with resistance at 85000-84500 and support around 81000. The market liquidity is relatively poor, and both long and short positions are not very sustained. However, after a significant correction earlier, it has basically stabilized above 80000. Although the rebound strength is not very strong, the volatility is gradually decreasing!
In the recent price movements, it has mostly been a rebound during the Asian and European sessions, with a decline in the US session. During the day, one can capture rebound opportunities at the range nodes and then start looking for pullbacks in the evening!
Friday Afternoon Operation Suggestion:
Bitcoin: Look for a short-term long position around 82500, targeting around 84500 for profit. This is in sync with the market trend!
Recently, the cryptocurrency price has been continuously operating within a range, with resistance at 85000-84500 and support around 81000. The market liquidity is relatively poor, and both long and short positions are not very sustained. However, after a significant correction earlier, it has basically stabilized above 80000. Although the rebound strength is not very strong, the volatility is gradually decreasing!
In the recent price movements, it has mostly been a rebound during the Asian and European sessions, with a decline in the US session. During the day, one can capture rebound opportunities at the range nodes and then start looking for pullbacks in the evening!
Friday Afternoon Operation Suggestion:
Bitcoin: Look for a short-term long position around 82500, targeting around 84500 for profit. This is in sync with the market trend!