Will today's plunge continue or will it stabilize and rebound? The market continued its slow decline early Monday morning. There were no sharp spikes, but the market gradually weakened, losing another $520 million, leaving 165,428 businesses bankrupt. Bitcoin is currently testing support around 2225. If it breaks this level with significant volume, it will likely fall below 2000. Bitcoin is slightly stronger, with the 70900-74450 range yet to be tested. However, given Bitcoin's decline, this level won't show a bottoming signal until it's tested 1-3 times. BTC Support: 70900-74450/63400/57850 Resistance: 83960 -86670 BTC currently feels like it could crash at any moment, mainly due to last week's gold and silver plunges, which recorded their largest single-day drop in nearly 40 years, severely draining liquidity. The US-Iran conflict has also caused volatility in risk assets, with sharp drops on Monday and Thursday evenings, especially Thursday evening which saw the tenth largest liquidation in history; it's been a devastating sight. The market has been repeatedly battered by crashes in the past four months, showing clear signs of a violent reshuffling. Don't expect a long-term reversal in the next two or three months; this situation may continue for some time. We must weather this darkest hour, and the light will surely come. We must ensure we don't fall before dawn! Position sizing is crucial, you know what I mean! ETH: Support 1850/1600/1385; Resistance tentatively set at 2749. This week, pay close attention to whether the 2225 level can provide support; this is critical! Trading advice: Enter spot trading without hesitation at the above support levels. If it breaks the final support, go all in with all your spare funds that you won't need for the next three years. This opportunity to go all in on spot trading might only come once every year or even two years. I believe you will seize this chance if given the opportunity! Today, Monday, is only suitable for those with no open positions to dabble in trading with stop-loss orders. If you have a 1% initial position and want to do day trading, you should only trade if you're constantly monitoring the market and ready to exit, or if you must, immediately use a stop-loss order. Otherwise, don't trade! Currently, the 5/15-minute chart shows a potential intraday trade; trend trading is definitely not advisable right now! #When will BTC rebound? {future}(ETHUSDT) {future}(SOLUSDT) {future}(BTCUSDT)
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