What do you think, frens? As Lao Chen said, let's go for shorting. Black Friday has arrived as expected, and the price of Bitcoin has once again fallen below 117000. The market on Friday has also come to an end. Let's review the market trend throughout Friday. After a strong downward movement earlier, the price of Bitcoin came to a halt in the early morning. It then showed a slight warming trend in the morning. Throughout the day, it mainly oscillated in a sideways manner. Ethereum formed a反v pattern during the day, having risen strongly in the morning but has now already fallen to the starting point. Our earlier idea of shorting at the market price of 119000 in the afternoon has been validated. A perfect finish on Friday.

From the current four-hour level, the overall market is experiencing a continuous downward trend. After a previous rise, the coin price is showing signs of pressure at high levels, with a strong bottom testing in the evening as the weekend approaches. The overall volatility is not expected to be significant, and it is anticipated to operate within a range. In the future market, our strategy will revolve around range trading, going long at high levels and shorting at low levels. In the short cycle, Lao Chen suggests focusing on pullbacks to go long, as the bearish sentiment gradually weakens, a certain rebound is bound to occur.

Buy Bitcoin at 116800-117000 Target 118500
Longing Ethereum near 4450 Target 4550 #BTC# #以太坊ETF突破300亿美元# #美7月PPI年率高于预期#