BTCUSDT Time to pick a side, Long or Short?
【Bitcoin Market Analysis】
The market remained shocked. Overall, the shorts was more weakened than before. The support at $8,500 worked in the BTC market. We should notice that now a dead cross showed up as the MA5 and MA60 crossed, and with the factor that it is also the $9,000 mark, it would be hard for BTC to recover the $9,000 mark.
In the short term, the BTC market will continue an adjustment from $8,500 to $9,000. But the situation above will not last for a long time. A new candlestick will be updated tomorrow, the market is likely to tip the current balance. For sound investors, being patient until the price rise back to $9,000 is available, but if you are an aggressive investor, long after $8,800 broken in the short term is acceptable.
The market remained shocked. Overall, the shorts was more weakened than before. The support at $8,500 worked in the BTC market. We should notice that now a dead cross showed up as the MA5 and MA60 crossed, and with the factor that it is also the $9,000 mark, it would be hard for BTC to recover the $9,000 mark.
In the short term, the BTC market will continue an adjustment from $8,500 to $9,000. But the situation above will not last for a long time. A new candlestick will be updated tomorrow, the market is likely to tip the current balance. For sound investors, being patient until the price rise back to $9,000 is available, but if you are an aggressive investor, long after $8,800 broken in the short term is acceptable.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.