Yesterday's exuberance brings today's silence! On the hourly timeframe, short-cycle moving averages are beginning to gradually hook downward and diverge. Short-cycle momentum continues to maintain a relatively weak trend. The moves are becoming somewhat cautious. Our trading approach remains to go short at higher levels as much as possible. In summary, we should trade with the trend and take short positions.
Thursday Morning Session Trading Suggestions
Bitcoin: Short near 71500-72000, target 70000~69000!
Yesterday's exuberance brings today's silence! On the hourly timeframe, short-cycle moving averages are beginning to gradually hook downward and diverge. Short-cycle momentum continues to maintain a relatively weak trend. The moves are becoming somewhat cautious. Our trading approach remains to go short at higher levels as much as possible. In summary, we should trade with the trend and take short positions.
Thursday Morning Session Trading Suggestions
Bitcoin: Short near 71500-72000, target 70000~69000!
Ethereum: Short near 2220-2250, target 2150~2100