Maduro refuses to admit guilt, cautious about chasing the high prices during consolidation! 1.6 Bitcoin Auntie's Strategy
Venezuelan President Maduro, who was dismissed, stated on Monday that he does not admit guilt regarding the US's drug terrorism-related charges against him, marking the start of a significant geopolitical legal battle. Last weekend, the US accused Maduro of using his 25-year government position to seek personal gain and assisting in drug shipments into the US. Maduro's downfall has caused shockwaves in the international community and also signals Trump's intention to reshape the global order. US stocks surged again yesterday, with a slight pullback at midnight, and the cryptocurrency price also briefly spiked upward before pulling back slightly! The daily chart of Bitcoin Auntie closed positive again, but the upper shadows are quite long, indicating resistance to upward movement. The lower Bollinger band on the daily chart is closing in, and the fast KDJ line is turning downward from a high level. Combining yesterday's strategy, the short positions have yielded some gains. The outlook remains bearish for the day! Focus on this week's major and non-farm employment reports! 1.6 Short Position Strategy: Bitcoin at 93600-94000, go short; conservative traders enter at 94500-94800, with a stop around 95500. Target around 93000-92000; if broken, target around 91000-90000, and continue to move stop-loss accordingly! Ethereum at 3230-3260, go short; conservative traders enter at around 3300, with a stop around 3330. Target around 3200-3150-3100; if broken, target around 3050-3000, and continue to move stop-loss accordingly! 1.6 Long Position Strategy: Bitcoin retraced to 89000-89500, go long; stop around 88000. Target around 90000-90500-91000; if broken, target around 91500-92000, and move stop-loss accordingly! Ethereum retraced to 3020-3050, go long; stop around 2960. Target around 3100-3140-3170; if broken, move stop-loss accordingly! US stocks are performing too strongly, and precious metals have not retraced amid global turmoil, absorbing buying pressure. Therefore, cryptocurrency prices are likely to retrace again, and chasing longs is not advisable. Please exercise caution.
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Maduro refuses to admit guilt, cautious about chasing the high prices during consolidation! 1.6 Bitcoin Auntie's Strategy
Venezuelan President Maduro, who was dismissed, stated on Monday that he does not admit guilt regarding the US's drug terrorism-related charges against him, marking the start of a significant geopolitical legal battle. Last weekend, the US accused Maduro of using his 25-year government position to seek personal gain and assisting in drug shipments into the US. Maduro's downfall has caused shockwaves in the international community and also signals Trump's intention to reshape the global order. US stocks surged again yesterday, with a slight pullback at midnight, and the cryptocurrency price also briefly spiked upward before pulling back slightly!
The daily chart of Bitcoin Auntie closed positive again, but the upper shadows are quite long, indicating resistance to upward movement. The lower Bollinger band on the daily chart is closing in, and the fast KDJ line is turning downward from a high level. Combining yesterday's strategy, the short positions have yielded some gains. The outlook remains bearish for the day! Focus on this week's major and non-farm employment reports!
1.6 Short Position Strategy:
Bitcoin at 93600-94000, go short; conservative traders enter at 94500-94800, with a stop around 95500. Target around 93000-92000; if broken, target around 91000-90000, and continue to move stop-loss accordingly!
Ethereum at 3230-3260, go short; conservative traders enter at around 3300, with a stop around 3330. Target around 3200-3150-3100; if broken, target around 3050-3000, and continue to move stop-loss accordingly!
1.6 Long Position Strategy:
Bitcoin retraced to 89000-89500, go long; stop around 88000. Target around 90000-90500-91000; if broken, target around 91500-92000, and move stop-loss accordingly!
Ethereum retraced to 3020-3050, go long; stop around 2960. Target around 3100-3140-3170; if broken, move stop-loss accordingly!
US stocks are performing too strongly, and precious metals have not retraced amid global turmoil, absorbing buying pressure. Therefore, cryptocurrency prices are likely to retrace again, and chasing longs is not advisable. Please exercise caution.