Yesterday, BTC fell sharply in tandem with the US stock market, briefly dropping below the 85000 level before quickly recovering, confirming the effectiveness of that support. In the short term, BTC is constrained by the downward trend line on the 4-hour chart, and a rebound needs to break through the initial resistance at 87500 to open up upward space. In the 4-hour chart, although the RSI indicator has recovered from the oversold range, it has not yet broken through the neutral to strong range, and the short-term battle between bulls and bears remains predominantly oscillatory.
Recently, the correlation between BTC and the US stock market has strengthened. After yesterday's decline following the US stocks, BTC has stabilized. During the day, attention should be paid to the fluctuations in US stock futures. If the US stocks continue to show weakness, it may suppress the rebound of BTC, further reinforcing the characteristics of range-bound fluctuations.
Operation direction BTC pulled back to the range of 85500-86000, targeting 87500, looking up to 89000. ETH pulled back to the 2760-2780 range, targeting 2850, looking up to 2900.
If BTC falls below 85000, timely stop-loss is required, waiting for a lower point to enter, specific market conditions can be adjusted at any time. Personal suggestions are for reference only and do not constitute investment advice!
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Tuesday daytime BTC ETH strategy
Yesterday, BTC fell sharply in tandem with the US stock market, briefly dropping below the 85000 level before quickly recovering, confirming the effectiveness of that support. In the short term, BTC is constrained by the downward trend line on the 4-hour chart, and a rebound needs to break through the initial resistance at 87500 to open up upward space.
In the 4-hour chart, although the RSI indicator has recovered from the oversold range, it has not yet broken through the neutral to strong range, and the short-term battle between bulls and bears remains predominantly oscillatory.
Recently, the correlation between BTC and the US stock market has strengthened. After yesterday's decline following the US stocks, BTC has stabilized. During the day, attention should be paid to the fluctuations in US stock futures. If the US stocks continue to show weakness, it may suppress the rebound of BTC, further reinforcing the characteristics of range-bound fluctuations.
Operation direction
BTC pulled back to the range of 85500-86000, targeting 87500, looking up to 89000.
ETH pulled back to the 2760-2780 range, targeting 2850, looking up to 2900.
If BTC falls below 85000, timely stop-loss is required, waiting for a lower point to enter, specific market conditions can be adjusted at any time.
Personal suggestions are for reference only and do not constitute investment advice!