Bitcoin, the correction has not ended yet, and the sideways trend continues
Yesterday, New Year's Day, I updated the strategy in the morning and was spending time with family, so I didn't update much. However, the market's movement still followed the expected upward trend, although it was about a hundred points away from our target of 89,000.
The upward move faced resistance again, and the four-hour visible oscillation range was compressed once more. However, as the oscillation area narrows, a breakout is also foreseeable. But before that, it's better to focus on sideways trading. For the day, it is recommended to stay flat above the 89,000 rebound, and if it reaches 90,000, consider shorting. Look for around 87,500 as a target.
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Bitcoin, the correction has not ended yet, and the sideways trend continues
Yesterday, New Year's Day, I updated the strategy in the morning and was spending time with family, so I didn't update much. However, the market's movement still followed the expected upward trend, although it was about a hundred points away from our target of 89,000.
The upward move faced resistance again, and the four-hour visible oscillation range was compressed once more. However, as the oscillation area narrows, a breakout is also foreseeable. But before that, it's better to focus on sideways trading. For the day, it is recommended to stay flat above the 89,000 rebound, and if it reaches 90,000, consider shorting. Look for around 87,500 as a target.