Wednesday, do not blindly chase lows, go long first during the day, then short.



The Korean stock market's circuit breaker triggered a ripple effect on global tech stocks, with global risk assets remaining under pressure. Bitcoin dropped 2.1% within 24 hours, with a weekly decline of 4.9%, touching a low of around 61,900 USD. The price has fallen back to the bottom of this month's trading range. No chasing, go long first during the day, then short.

From a technical perspective, the daily chart shows a large bearish candle turning into a doji star; if the weakness does not continue, it is not a one-sided signal. Likely, the next two days will see a rebound accompanied by oscillation and consolidation. Resistance is around 63,600 USD; pay close attention tonight. If this level is not broken, then look to short. During the European session, go long first; during the US session, go short.

Refer to the 62,000-62,400 USD range for long positions, targeting 63,600 USD. If not broken, then reverse to short. Ethereum follows the same logic, aiming to go long around 1,640-1,660 USD, targeting 1,720 USD. If not broken, then short again. Strictly control position sizes and implement good risk management. The above is a short-term strategy; the overall trend remains in a bear market. #0成本拿2股SK海力士
BTC0.57%
ETH0.91%
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