Today's Market Summary - Weak Market Consolidation, Rebound Likely Next Week, Watch Altcoin Performance Over the Weekend
Bitcoin continued its consolidation at low levels following yesterday's decline, another day of sideways trading. BTC has been repeatedly ranging between 69000-71000. Considering the weekend ahead, the consolidation is likely to continue. Currently, the daily Ma30 moving average overlaps with the weekly short-term moving average around 68700, providing strong support that has been repeatedly confirmed. Without external news impact, it's unlikely to break below easily. Next week may see a rebound based on this level. Currently, the daily 69000-74000 large consolidation range has not been broken.
Operation Strategy:
1. Weekend Short-term Trading: Can do high-sell low-buy operations around the 69000-71000 range
BTC: Short 71350
BTC: Aggressive Long 69000 Conservative Long: 68388
ETH: Short 2190
ETH: Aggressive Long 2106 Conservative Long: 2068
2. Medium-term Trading: Build long positions around 69000-70000, stop loss near 68400
3. Over the weekend, can also appropriately monitor altcoin performance. Specific coins are still being researched by 小财神, see you in tomorrow morning's daily report!😜
#创作者冲榜
Today's Market Summary - Weak Market Consolidation, Rebound Likely Next Week, Watch Altcoin Performance Over the Weekend
Bitcoin continued its consolidation at low levels following yesterday's decline, another day of sideways trading. BTC has been repeatedly ranging between 69000-71000. Considering the weekend ahead, the consolidation is likely to continue. Currently, the daily Ma30 moving average overlaps with the weekly short-term moving average around 68700, providing strong support that has been repeatedly confirmed. Without external news impact, it's unlikely to break below easily. Next week may see a rebound based on this level. Currently, the daily 69000-74000 large consolidation range has not been broken.
Operation Strategy:
1. Weekend Short-term Trading: Can do high-sell low-buy operations around the 69000-71000 range
BTC: Short 71350
BTC: Aggressive Long 69000 Conservative Long: 68388
ETH: Short 2190
ETH: Aggressive Long 2106 Conservative Long: 2068
2. Medium-term Trading: Build long positions around 69000-70000, stop loss near 68400
3. Over the weekend, can also appropriately monitor altcoin performance. Specific coins are still being researched by 小财神, see you in tomorrow morning's daily report!😜