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Tuesday, 70000 stabilizes, adjust strategy for long first then short intraday
Yesterday's false alarm news from the US and Israel turned the crypto circle upside down, with Bitcoin dropping then rallying for an 8000-point swing. After the dust settled, the market returned to calm. Currently, price holds steady at the 70000 level, so we can no longer treat it as extremely weak. Today we adjust our strategy to go long first then short.
After oscillating and consolidating all night without breaking the 70000 watershed, it shows there is strong support below. We need to closely watch 74000 and 76000 as two pressure test levels. For this type of wide-range box pattern, without a strong and effective breakthrough of resistance, it's really difficult to chase aggressively.
Bitcoin: Go long in the 70300-70800 range, target 74200, light position entry, reserve position for averaging up
Ethereum: Go long in the 2130-2150 range, target 2320, light position entry, reserve position for averaging up
End of month final battle, we advance step by step, light has always been there, those who understand, understand!