During the weekend, Bitcoin continued to fluctuate within a range, with both bulls and bears engaging in prolonged battles and consolidation. Although there are initial signs of a recovery in the bullish momentum, a significant breakthrough has yet to occur, and the upward potential remains weak. Considering the current market characteristics, the overall trading strategy today is recommended to focus on shorting on rebounds.
It is suggested to consider short positions around 88,500-89,500 Targeting around 86,000-85,000
For Ethereum, consider short positions around 2,980-3,000 Targeting around 2,900-2,880
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Bitcoin on the 29th Morning Silk Road
During the weekend, Bitcoin continued to fluctuate within a range, with both bulls and bears engaging in prolonged battles and consolidation. Although there are initial signs of a recovery in the bullish momentum, a significant breakthrough has yet to occur, and the upward potential remains weak.
Considering the current market characteristics, the overall trading strategy today is recommended to focus on shorting on rebounds.
It is suggested to consider short positions around 88,500-89,500
Targeting around 86,000-85,000
For Ethereum, consider short positions around 2,980-3,000
Targeting around 2,900-2,880