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#创作者冲榜
Daily Market Summary -- Market Shows Weak Consolidation, Rebound Likely Next Week, Watch Altcoin Performance Over the Weekend
Bitcoin continued to consolidate at low levels following yesterday's decline, another day of range-bound trading. BTC has been oscillating repeatedly around 69000-71000. Considering the upcoming weekend, consolidation is expected to continue. Currently, the daily MA30 moving average overlapping with the weekly short-term moving average shows strong support around 68700, which has been repeatedly confirmed. Without external news impact, it's unlikely to break through easily. A rebound may unfold next week based on this level. The large consolidation range of 69000-74000 on the daily chart remains unbroken.
Trading Strategy:
1. Weekend Short-term Trading: Can trade around the 69000-71000 range with high sells and low buys
BTC: Short 71350
BTC: Aggressive Long 69000, Conservative Long: 68388
ETH: Short 2190
ETH: Aggressive Long 2106, Conservative Long: 2068
2. Medium-term Trading: Place long positions around 69000-70000, stop loss near 68400
3. Over the weekend, you can also pay attention to altcoin performance. The specific coins are still under research by Xiaocaishen, see you in tomorrow's daily report! 😜