BTC plunged to a low near 80,300 around midnight before finding support. This drop from 87,000 all the way down has definitely wiped out quite a few longs. With this kind of slow grind lower, you could say: if you're bold, you can make a decent haul; if you're cautious, you won't get a bite. Zhou Bangzhu didn't tell everyone to chase shorts—he's being fairly conservative!
Prices have now rebounded to around 82,500 for BTC and 2,500 for ETH. The strategy remains to look for opportunities to short at higher levels. The 4-hour middle Bollinger Band is resistance near 83,600, while the daily middle Bollinger Band is resistance near 84,300. Look to short at higher levels around these resistance zones.
BTC: Short on a rebound to 83,500–84,500; targets: 82,500–81,500–80,000; stop-loss: 85,500
ETH: Short on a rebound to 2,580–2,650; targets: 2,530–2,450–2,400; stop-loss: 2,700
Personal opinions only, for reference!
#比特币重复使用地址持有433万枚BTC $BTC
Prices have now rebounded to around 82,500 for BTC and 2,500 for ETH. The strategy remains to look for opportunities to short at higher levels. The 4-hour middle Bollinger Band is resistance near 83,600, while the daily middle Bollinger Band is resistance near 84,300. Look to short at higher levels around these resistance zones.
BTC: Short on a rebound to 83,500–84,500; targets: 82,500–81,500–80,000; stop-loss: 85,500
ETH: Short on a rebound to 2,580–2,650; targets: 2,530–2,450–2,400; stop-loss: 2,700
Personal opinions only, for reference!
#比特币重复使用地址持有433万枚BTC $BTC