Monday strengthened for a day, but due to the interest rate announcement, it has weakened continuously over the past two days. Intraday, it surged above 71 briefly, then began hovering around 70. In the evening, observe whether the 70 level can be broken with a solid candle. If it breaks, continue looking higher after the move completes. At this position, you can try to explore a long position on short-term basis. Currently near the daily moving average, the major direction still looks bullish.
For long-term holdings, we have chips so let's hold them for now and trade short-term during this period. From a technical structure perspective, we're currently at a position of divergence. Looking at the larger timeframe, the bullish structure has not been destroyed unless the solid close breaks through the 68 level. If we hold 70 in the evening, there's a chance for a rebound. Waiting for the US session to clarify direction.
BTC Operation Suggestion: Around 70200 look higher #加密行情震荡
Monday strengthened for a day, but due to the interest rate announcement, it has weakened continuously over the past two days. Intraday, it surged above 71 briefly, then began hovering around 70. In the evening, observe whether the 70 level can be broken with a solid candle. If it breaks, continue looking higher after the move completes. At this position, you can try to explore a long position on short-term basis. Currently near the daily moving average, the major direction still looks bullish.
For long-term holdings, we have chips so let's hold them for now and trade short-term during this period. From a technical structure perspective, we're currently at a position of divergence. Looking at the larger timeframe, the bullish structure has not been destroyed unless the solid close breaks through the 68 level. If we hold 70 in the evening, there's a chance for a rebound. Waiting for the US session to clarify direction.
BTC Operation Suggestion: Around 70200 look higher #加密行情震荡