Hello! Good afternoon everyone~ I am Eleven. Today we will continue to talk about Bitcoin, the "big brother" of the currency circle. Without further ado, please read on.
We saw that the price of Bitcoin BTC rose to 34,850 yesterday, and then began to fall, and fell back to around 33,730. Now it is fluctuating around 34,100. Yes, the B-circle is so volatile. I believe that you are already used to it.
Next, I will share with you my views on long-term, medium-term and short-term trading:
So the first plan is a long-term strategy. Eleven suggests opening a long position when the market pulls back to around 32,000 points.
The second plan is to target long positions around 28,585 points, which is another long-term strategy.
The third plan is a short-term strategy. Eleven suggests opening a short order near 35,579 points, setting a stop loss at 36,851 points, and the ultimate target at 28,159 points.
In addition, Eleven also suggested some key support and resistance levels. The lower edge of the upper pressure level is at 34,828-34,930 points, the lower support level is at 33,902-33,987 points, and the next support level is between 33,620 and 33,704 points.
Because the market has slowed down recently, we see that the adjustment range is gradually emerging. Therefore, we believe that further growth is possible only after the correction. In fact, in addition to the downward adjustment, sideways adjustment is also a possibility. During this period, we suggest that you should still maintain the strategy of buying on dips.
Here, Eleven reminds all participants to maintain a good attitude and not to lose their composure due to short-term market fluctuations. Although the current market conditions have been adjusted, Eleven believes that this does not mean that the bull market is over.
There is a time lag between writing an article and publishing it. The above analysis only represents personal opinions and does not represent any participation recommendations.
If you are interested in this topic and have any questions, you can ask me directly and we can communicate and learn together
As long as Eleven knows it, he will tell it all!
