Do not envy those seemingly accidental myths of sudden wealth; every seasoned player who has traversed through bulls and bears understands that what the market ultimately rewards is not luck, but knowledge. You will never earn money beyond your understanding, and even if you gain it by chance, you will eventually return it through your own strength.


The market is moving slowly over the weekend, with the price of coins remaining in a consolidation range. Currently, the price is also running near the middle band of the Bollinger Bands. The first line of defense for Bitcoin is in the 90000-90500 area, and yesterday's pullback once again verified the support strength here. The strong resistance area above is concentrated between 93000 and 93700, which is not only the high point of yesterday's rebound but also gathers previous dense selling pressure. From a larger time frame perspective, if it can successfully break through 94000, it will open up space for a push towards 97000 or even higher. Conversely, it is important to pay extra attention to the potential breach of the 90000 level. #btc #eth
In terms of operation, maintain trading within the range, conducting high sell and low buy around 90000-93000. Wait for the Federal Reserve's interest rate decision next month. Also, set stop losses appropriately; for long positions, place the stop loss near 89500, and for short positions, place the stop loss near 94000.
BTC-2,23%
ETH-3,31%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt