There is only one direction for investment, not long or short, but the right direction. I am the Coin Brother of the West, a friend willing to accompany you to make a comeback. The long road to recovery, Coin Brother is with you.
BTC Market Analysis
After a long period of consolidation at a high level, Bitcoin only retraced to around 69300 yesterday, and Coin Brother's layout did not execute. The current price in the morning prompted the practical team members to enter a short position in Ethereum at 3620, with a target of 3510. Some students have already secured profits. Although the overall market sentiment for Bitcoin is bullish, there will definitely be a intraday pullback situation at high levels that have not been broken through. In addition, with the dominance of bearish sentiment in the daily chart of Ethereum, positioning a short in Ethereum will maximize profits and minimize risks.
Currently, the four-hour upper Bollinger Band of BTC is starting to contract. In the short term, attention should be paid to the support around 68500, the position Coin Brother laid out for everyone yesterday. In the short term, the intraday layout for the later market today can be to buy long positions in the range of 67800-68500, depending on the specific market conditions. After the conversion of the MACD energy from long to short and the high-level death cross of the fast and slow lines, the KDJ three lines diverge downwards, further strengthening the bearish sentiment. In the one-hour chart, BTC has been running on the long-standing support of the left side's previous low. It is recommended to focus on the support strength around 68500 at the four-hour level. Therefore, it is prudent to continue to lay long positions and aggressive traders can consider entering short positions at the high level of 70,000.
BTC Operation Suggestions
Long at 66800-67100
Suggestions are for reference only, secure profits at your own discretion
Strength is not just talk on paper, nor is it boasting profits with words. Strength is meticulous thinking combined with strict execution. Go out with a goal, come back with results. There are no unprofitable market conditions, only orders that cannot be held. When others are making profits and you are in a loss, you might as well chat with the Coin Brother of the West. The bond starts with reading, recognition starts with adding, trust starts with experience, and profits start with following orders. As long as you are willing, I will not disappoint!
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