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Friday, Bitcoin hits "9" intoxication, relay adjustment continues
Bitcoin surged yesterday then pulled back to correct, closing below the 90,000 mark. Currently, the bulls and bears are engaged in a tug-of-war, with the overall range adjusting around 87,200-90,600. Multiple rebounds and tests have been suppressed, so for now, a high-short strategy is advisable.
The daily chart has consecutively formed doji stars, and on smaller timeframes, volume is relatively weak. It is expected that this oscillating pattern will continue through the week's close. If the US session rebounds above 90,000 today, consider entering short positions. When it touches support, consider reversing to long for profit, and breakouts should be watched closely.
Bitcoin: Suggest short positions in the 90100-90600 area, target 87500. If not broken, consider short-term longs.
Ethereum: Suggest short positions in the 2980-3010 area, target 2905. If not broken, consider short-term longs.
A seasoned mentor with eight years of experience, a witness to bull and bear cycles. Going solo is not as good as walking with light; Buddha guides those with affinity, I await sincere people. #特朗普取消对欧关税威胁