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9.3 Trading Strategy
BTC will be stronger than ETH during the day.
BTC bullish alignment on hourly and 4-hour charts
Intraday resistance at 11800, 113300-500,
The important intraday support zone is 109300-110500. Falling below 109300 will indicate a weakening.
Today's trading strategy:
$BTC: If it goes up first, short at 111700-111850, target 11100-111600, stop loss 12300. Don't be greedy with this short position, enter and exit quickly. Consider going long after stabilizing above 111900.
$BTC: Long at 109300-109600, target 111700, 112800, stop loss 108500
Given that BTC is stronger than ETH today, one can short ETH/BTC on the highs.
Short ETH/BTC around 0.3920
#BTC #ETH #ETHBTC