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Trading Strategy Recommendations
Aggressive Long Positions: Focus on opportunities where the price retraces to stabilize between 1,678 and 1,690, with stop-loss set below 1,669.
Conservative Long Positions: It is recommended to wait for a volume breakout and a firm hold above 1,697 before considering chasing the rally, aiming for greater upward potential.
Short Selling Opportunities: If the price is blocked again at 1,697 with a clear rejection (such as a large bearish engulfing candle covering the previous bullish candle), consider a light short position with a target around 1,670.
Disclaimer: The above analysis is for reference only and does not constitute any investment advice. Cryptocurrency markets are highly volatile; please exercise caution and manage risks.