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BTC Market Analysis: #BTC Market Analysis
Although the liquidity is poor on weekends, there is considerable fluctuation in the trend this weekend. The two spot positions below the daily level are good positions to go long. It is currently in a pumping phase, especially after breaking through the daily trend resistance level, there is a healthy pullback form. At this position, I will consider entering long in the spot and also set up a long position in the contract. It is a independent pumping trend on the daily level, which has broken the previous continuous downtrend on the daily level. This is a good signal for the transformation from shorts to longs!
Operation steps: Layout spot head position near 65100 ➕ contract Light Position Long. Strict stop loss when it falls below 64400.
The area near 61700 is also a better position for Long with higher cost-effectiveness, which is the second layout position. Put the stop loss at 62200, strictly stop loss!