Spot trading rhythm: do it today or wait?
GOOGL has been getting a lot of attention these past two days—let’s talk about the relevant market setup.
BTC 81,220 (+0.39%), 24h range 80,845–81,951. ETH 2,630 (+0.69%), ETH/BTC 0.03238.
Staggered-entry logic: each time it retraces to a support level, buy 1/3. If it doesn’t break the next support level down, buy another 1/3.
For spot, I see two BTC support levels: one is 63,200–62,800, and the other is 61,500.
Reference levels:
- BTC spot: ETH 1,850 is the current watershed; below that, 1,750 is the truly strong support zone.
- ETH spot: ETH’s current position is less than 1% away from the 20-day moving average. The area around the moving average is often where traders add in batches.
Will you add to your spot position in batches?
#BTC #spot
For personal observation only and does not constitute investment advice.
GOOGL has been getting a lot of attention these past two days—let’s talk about the relevant market setup.
BTC 81,220 (+0.39%), 24h range 80,845–81,951. ETH 2,630 (+0.69%), ETH/BTC 0.03238.
Staggered-entry logic: each time it retraces to a support level, buy 1/3. If it doesn’t break the next support level down, buy another 1/3.
For spot, I see two BTC support levels: one is 63,200–62,800, and the other is 61,500.
Reference levels:
- BTC spot: ETH 1,850 is the current watershed; below that, 1,750 is the truly strong support zone.
- ETH spot: ETH’s current position is less than 1% away from the 20-day moving average. The area around the moving average is often where traders add in batches.
Will you add to your spot position in batches?
#BTC #spot
For personal observation only and does not constitute investment advice.