"The macro picture has changed a bit today—let me break down my understanding."
If BTC can break through the $63390.00 resistance level, and the 24-hour trading volume can exceed $300M, then I will consider going long on ETH. The target price would be above $1900.00, because ETH’s price has already shown relative strength versus BTC. Over the past 24 hours, its price increase is 0.12%.
If ADA’s price falls below $0.1750, then I will consider going short on BNB, because BNB’s price has started to decline. The 24-hour price drop is -0.83%. If ADA’s price continues to fall, it may negatively affect the entire market, which in turn could impact BNB’s price.
I think the former is more likely to happen, because BTC’s price has already shown an upward trend, and ETH’s price relative to BTC is strong. Also, recent trading volume has been relatively high.
Therefore, my current stance is to go long on ETH, with a target price above $1900.00.
#币安 #行情分析 #看多ETH 💰
#交易策略 #市场分析 📈
If BTC can break through the $63390.00 resistance level, and the 24-hour trading volume can exceed $300M, then I will consider going long on ETH. The target price would be above $1900.00, because ETH’s price has already shown relative strength versus BTC. Over the past 24 hours, its price increase is 0.12%.
If ADA’s price falls below $0.1750, then I will consider going short on BNB, because BNB’s price has started to decline. The 24-hour price drop is -0.83%. If ADA’s price continues to fall, it may negatively affect the entire market, which in turn could impact BNB’s price.
I think the former is more likely to happen, because BTC’s price has already shown an upward trend, and ETH’s price relative to BTC is strong. Also, recent trading volume has been relatively high.
Therefore, my current stance is to go long on ETH, with a target price above $1900.00.
#币安 #行情分析 #看多ETH 💰
#交易策略 #市场分析 📈