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Today’s BTC and ETH market movements on the 26th are quite surprising.
Not sure if anyone has observed this. Is Bitcoin now experiencing such rapid fluctuations during the daytime trading session?
Currently, the only thing to do is to stay put and wait for the right entry point.
Since yesterday near 89, it has been declining straight down until the Asian session this morning, with the lowest dip around 86, which is over 4,000 points down. After touching 86, the 1-hour candlestick tested four times without breaking below, and instead closed higher.
The 4-hour candlestick, which initially had 6 large bearish candles, has now shifted to 4 large bullish candles. Is this a move of the universe shifting?
After shaking out the bulls, will it now shake out the bears? This wave in Gouzhuang could very well turn into a reverse V.
Focus on the resistance zone at 887-891.
Don’t blindly chase short positions or long positions. Hold your positions and wait for the right entry point.
BTC trading suggestion: buy at 87350-87600, defend at 86500, target breakout above 888 towards 897.