Lack of rebound strength, continue to establish short positions, and lay long positions below



The market is moving very normally, with the hourly chart showing a rebound that does not continue. The current strategy remains unchanged; since it can't go higher, continue with the high short strategy. At the same time, place long positions at key support levels below to play the oversold rebound:

Bitcoin
The current price is fluctuating around 68,000. The resistance/support level from yesterday's top and bottom is at 69,500.

Both 67,850 and 69,600 are entry points for short positions. Watch the short-term support at 66,500 below, and if broken, look at 65,500.
A strong support zone is around 65,000 or an extreme point at 64,000. This is today's long position lay point, with an expected rebound of about 2,000 points.
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