Bitcoin failed to hold at 70,000, but it has shown strength in the face of last night's sharp drop in US stocks, and did not follow the US stock market's continued decline.
Bitcoin is currently in a consolidation phase. A real rebound will have to wait until the war ends. On the 4-hour chart, we'll see if it can return above 72,000 this week. If it can, it indicates a potential for further gains in the short term; otherwise, it will continue its weak and volatile consolidation.
BTC
BTC has now broken below the key level of 69,000, which confirms that a crash is imminent. However, a direct drop would be too smooth. I might be more inclined to believe that it will consolidate below 69 before another bull trap and then fall.
Trading Strategy: Enter a short position at 69000, add to the short position at 69400, and hold. You can also long at this level, but set a small stop-loss if it breaks below the previous low. My main strategy is to guide everyone to trade regardless of the trend, as long as the trade offers good value!
ETH
ETH has weakened considerably, breaking below the 4-hour neckline. It is currently finding support at the 2000 level, which is just a psychological support level. It will likely consolidate for a while before moving lower, with the ultimate target at 1960. Those who haven't short can consider short at the 2100 resistance level.
PTB
After bottoming out near 0.0010, PTB has rebounded nearly 40% in the past week with increased volume. Currently, it's consolidating in the 0.0017-0.0018 range, showing a clear rebound pattern. The bottoming process at the low point with increased volume is complete, and a rebound is imminent. With its small market capitalization and high beta, it offers significant upside potential.
ROBO
The long-term logic for the robotics and automation industry remains strong. Technically, there are clear bottoming signals. After bottoming out around 0.022, the price has rebounded with consecutive positive green candle on increasing volume, breaking through the short-term downtrend line. The green volume bars have increased significantly, indicating stronger buying power.
Consider a small long position at the current price, or add to the position in batches around 0.025 on a pullback. Place a stop loss below 0.024, with an initial target of 0.030-0.035. The age of robots has arrived; opening a long position in ROBO at the current price is a preemptive move to position yourself for the next wave of the tech sector!
$C
$C has become significantly overbought in the short term, with a heavy accumulation of profits, making it prone to profit-taking. The entire sector is experiencing high-level volatility, with signs of fund shifting and a lack of incremental support for sustained upward movement. The popularity of $C is nearing a temporary peak, and a sharp drop is expected!
Open a short position at the current price of around 0.087, with a target price of 0.065 and a stop-loss at 0.096. With proper risk management, we can continue to profit from this move!
$PRL
The most eye-catching coin these past two days should be $PRL. I told the community as soon as it was listed that if the market value was not high, we could reduce our holdings and buy more if it dropped. What's annoying is that it didn't give us a chance to buy back in. It is now listed on Binance Alpha and has risen by more than 50%. Those who participated in the TGE event have also earned more than 100 USDT.
CB announced its listing | _2024111120232_ | I feel that listings on CB spot and Korean exchanges are just around the corner, and I expect it to happen soon! The fundamentals of the $PRL project itself are quite good! Keep an eye on it!
