$BTC Cake has already approached the weekly MA20 support on Tuesday, which is a bad sign. If the market fluctuates in the range of 65000-67500 from Monday to Wednesday, then on Thursday and Friday, it will reach the weekly MA20 support of 64000, and then the US market will be closed on the weekend. Next week, MA20 will cross or continue to support, and it can be smashed or pulled up. Although the enthusiasm for interest rate cuts has decreased, the market has changed suddenly. We must always be cautious about the remarks of some financial institutions, especially some American financial institutions are actually joint ventures of the Federal Reserve. His remarks are true or false.
Now that the market has reached 64000 on Tuesday, the market in the next three days is indeed a bit nervous. Even if the market plummets, MA20 will not be easily broken and then crossed. There is a transition in this stage. Therefore, it is a wise choice to go long near 64000 with a stop loss of 63000. Remember not to be aggressive in shorting near 64000, which is a very dangerous operation.
We are still using 64000-67500 as a reference for the range of fluctuations, and taking into account the hourly, 4-hour and daily indicators, we can basically make a profit this week.