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This week's market was unexpected, with the 90000 life and death line breaking overnight and then consolidating at a high level. Personally, my short positions were also trapped, and yesterday's high of 95500 was already close. The trading volume deviated from the candlestick line, and I clearly felt that the bulls were weak and had been relying on the positive news ahead. In this situation, I should be cautious about going long and avoid chasing long positions at high levels. The profit margin is not proportional to the risk, and the 90000 life and death line is still a key point. Once it breaks the level, it will continue to bear for half a year. The high level is currently at this level, and the upward pressure is currently around 96000, so there will not be a significant increase.
Auntie also expects to suppress at the 1830 position, but overall it is still in a weak state. We will continue to pay attention to the 1830 position, and there will be two more retracements around 1500 in the future. Therefore, it is still recommended to focus on high altitude
Operation suggestion:
Bitcoin 95800 to 500 is short. Defend 97000. Target 90000
Ethereum 1830 to 50 enters the air defense 1880. Target 1680
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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 the position or viewpoint of AiCoin 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.
