Every drop of sweat will not be wasted, it will eventually water the flowers of your success.
As the week is coming to an end, the price of Bitcoin continues to fluctuate upward. In yesterday's market, we gave the operation suggestion of shorting first and then longing. The market fluctuated downward during the day, and gradually rose after touching the 57,300 area. It climbed all the way in the evening, and fell again under pressure after touching the 58,500 area. The current price is stable around 58,100. The overall volatility is not large, and the short-term upward momentum is blocked. It is recommended to keep a high-altitude mindset in operation.
From the daily line structure, the overall trend is mainly oscillating downward, and there has been a certain rebound in the short term. However, this round of rebound is obviously under pressure in the 58500 area, which is the middle track area of the daily line. If this position cannot be broken through, the market is likely to fall back. At the same time, the coin price on the 4-hour chart has risen to the upper track area but has not continued to rise. The Bollinger band shows signs of closing, so there is pressure at high levels. Before the pressure level is broken, it is not recommended to chase the rise too much.
Friday morning trading suggestions:
Bitcoin: It is recommended to short around 58500-58700, with the target focusing on the 57500-56000 line.
Ethereum: It is recommended to short at 2380-2400, with the target focusing on the 2300-2250 line.
When the market is up and down, please stay calm and firm. Remember, risks and opportunities coexist, and every seemingly difficult choice may open up a broader path for us. #新币挖矿HMSTR #美降息25个基点预期升温 #灰度将推出首个美国XRP信托 #美国大选如何影响加密产业？ $BTC $ETH