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The morning did not bring much volume, BTC reached a peak near 55300, ETH also reached a peak at 2320, the entire market experienced a relatively low Fluctuation, the daily chart shows a narrow sawtooth oscillation. Our morning positioning is mainly short-term, with participation in rise and fall. The overall position-taking space is relatively limited and is not included in the statistics. Faced with a narrow market oscillation, taking a short-term position is a way to strengthen our position, which may not be the best choice?
Looking at the current trend, the second Mogao rally has been under pressure several times today. The volatility at the beginning of the day also shows that it is difficult to distinguish the height and depth of long and short positions during the trading hours, but there is a strong resistance above the current trend. Combining the current hourly chart, the rising trend has already formed a rising trend line, but if the market continues to fluctuate without giving a significant impetus to the rise, there will be a slight decline in market data, and the KDJ indicator line is currently converging, so there will be a slight downward correction at noon and the short-term market data fluctuation interval will continue to extend. The afternoon strategy should be mainly short at high levels.
Sell BTC between 55100-55300, target towards 54200. Sell ETH between 2320-2300, target towards 2250. #BTC