BTC will have a short increase but be mindful of late decline
News: The top three net outflows of funds are BTC (-$60.64 million), LTC ($-40.19 million), and MOF (-$35.31 million).
Tech: there was a crossing point of MACD a few hours ago. DIF broke DEA and both are going up. BOLL is narrowing and the price soared above the upper band, the same as MA20. based on those signals we can expect a bulltrend. However, we should be more attention to the risks of falling because of huge funds withdrawal of BTC. so the market will be on the downward track in the long run. So long/short in the short term is still a good choice but be cautious about the risk in the long run.
My suggestion:(short term)
Suggested long $8,650-$8,700 m
Suggested short $8,800-$8,950
target $100-$150
Stop loss $9,000
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Tech: there was a crossing point of MACD a few hours ago. DIF broke DEA and both are going up. BOLL is narrowing and the price soared above the upper band, the same as MA20. based on those signals we can expect a bulltrend. However, we should be more attention to the risks of falling because of huge funds withdrawal of BTC. so the market will be on the downward track in the long run. So long/short in the short term is still a good choice but be cautious about the risk in the long run.
My suggestion:(short term)
Suggested long $8,650-$8,700 m
Suggested short $8,800-$8,950
target $100-$150
Stop loss $9,000
Follow me if you want to receive daily analytics for crypto