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Trading is a game for the brave. The path of trading is also the path of practice, and it is destined to be a lonely road. Only by constantly learning and improving oneself, establishing a scientific trading system, can one get closer to the truth. There are no shortcuts in life. Stay grounded, stick to your goals, and hope that even after experiencing countless hardships and failures, you will not forget your original intention and move forward bravely!
The cryptocurrency market, due to continuous bearish news yesterday, was manipulated by the institutions to a low of around 86800. Ethereum also reached a low of 2289, which is in line with our expectations from last week and the market trend this week. Currently, in our live trading, we hold long positions for BTC at 87200-87750. In terms of the trend, there is a strong rebound sentiment on the BTC hourly chart, with a near 3000-point rebound from the bottom. In the short term, it is supported around the 87100 level. The 12-hour MACD on the hourly chart has crossed below the zero line with increasing volume, confirming the start of a rebound trend. As of 8:00 PM, the strength of the rebound still needs further confirmation of the volume on the hourly chart. From a higher perspective, the bottom has not yet been reached, so caution is needed when bottom fishing in spot trading.
Strategy:
BTC: Above 87200 to secure profits, watch 88800 89950 91800 for losses
ETH: Long at 2339 with a full take profit at 2430. It is recommended to long around 2196 in the future with a stop loss at 2146, looking at 2330, 2415, 2593.
TRUMP: 10.8 yuan can accept spot #加密市場回調 #BTC #ETH #GateioInto11