Midnight thoughts and what I mentioned during the live broadcast: when the volatility is not so large, the target can be appropriately reduced. In the early morning, I explained clearly that the Bitcoin target was changed to 69,500 because the entry point was around 68,350. Ethereum entered at 2007 with a target of 2050. All targets have been achieved. Although the profit space was relatively small, everything was realized.


From a technical structure perspective, the overall relative price comparison is still in a major oscillation phase. The bullish trend has not formed an effective continuation. After the price pulled up, it has been oscillating at high levels. After breaking the high, it underwent a correction to adjust the market. After all, it has broken the usual pattern of breaking high and continuing higher. Although the relative price retraced in the short term, the space is still not very large. The only thing to watch out for is the timing of entry. Although the current bullish trend temporarily dominates, a correction in the market is still necessary. Therefore, our approach needs to be adjusted. After pulling back to a low level and stabilizing, we can then consider entering long positions.
In the morning, Bitcoin ranged from 68,300 to 69,800. Watch for a breakthrough of 70,000. Ethereum is long from 1990 to 1955, with attention to 2088.
ETH3,41%
BTC4,3%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin