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During the weekend low liquidity period, there were no major events last night and trading volume was also sluggish. The main focus is on the market sentiment from tonight to tomorrow. In particular, whether the Sichuan Universiade will talk about the market again, good events will rise and bad events will fall, and the steel import tariff raised to 50% at the close of yesterday morning will also be reflected in the opening of futures. From the macro point of view of the Trump muzzle incident, there is no big profit for the time being. Yesterday it was said that around 102-103 should be able to hold on, and it is indeed the case now. BTC is still in a volatile range, but the volatile range has increased from 107-1105 to around 103.
So the corresponding trading strategy is as follows, short-term haha
1. Short selling at the current price of 104100, hoping that BTC will break through the support level of around 102 (which is the lower edge of the previous daily level), or even break through 100000 and fall accordingly. This strategy may require preparation for short-term orders, as prices will still rebound and rise, such as around 106. If it's just fast in and fast out, such as taking profits around 103. It depends on the person.
2. The current price is 104100 long, hoping to rebound to around 106 or above. Why is it 106? This price is the upper edge price during the previous daily fluctuation. Whether it can rebound close to or break through 106 depends, but if I choose this strategy, I personally would try to choose around 102-103 as much as possible. 104 feels like a mediocre price, neither up nor down. If not, don't do it.
3. Rebound high position short, that is, wait and see at the current price, and open a short order when the market rebounds to around 106 or even higher. The above is the long short strategy in the oscillation range. I personally prefer 2 and 3. At present, it seems that it may not be so fast.
According to the data of major single orders in the past 12 hours, the total selling amount of the main force was as high as $186 million, while the buying amount was only $80 million, with a net outflow of $106 million, and a buying to selling ratio of 1:233, indicating that the main force is clearly biased towards short selling. Especially at 23:18 and 22:29, Binance contracts sold large orders of $18.05 million and $16.14 million respectively, directly suppressing the rebound momentum.
Currently, BTC is below the EMA24 and EMA52 moving averages, with trading volume continuing to shrink to 32.13% of the average level. Market buying is weak, further verifying the exit signal of main funds.
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The current price of ETH is below the EMA24/52 moving average, showing an overall downward trend. At the same time, the distribution of chips reveals that 2548.5 is a strong resistance level, and the dense peak of trading volume indicates that bulls are under significant pressure in this area. The latest 1-hour cycle K-line oscillates in the range of 2506-2517, further verifying the insufficient short-term action capability.
MACD has a dead cross and the bar chart continues to decrease, indicating an increase in downward momentum. Although KDJ has a golden cross, it is blocked by the resistance zone and the signal is weak. If the price cannot break through 2548.5, the risk of falling back will intensify, and the support below should focus on the low point of 2488.
Operation suggestion:
BTC 103000 long first target view 104200 second target view 105500
ETH 2450 long first target to see 2500 second target to see 2580
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Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent AICoin's position or viewpoint and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AICoin, and the consequences shall be borne by oneself.
