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Cloud Enjoyment Midday Market Analysis: #Cloud Enjoyment Research Institute
Weekend evening saw a wave of decline, with Bitcoin 70500/71500 short positions yielding considerable profits. Big pie dropped in response to further escalation of Middle East conflict, directly breaking through the 70000 USD level, currently hovering around 69000.
If Middle East conflict doesn't stop, it will be difficult for Bitcoin to sustain further upside breakthroughs. Currently, the trend appears to be consolidation.
4-hour level support around 66000. Based on this trend, consolidation is expected to continue for several more months. If Big pie breaks below 60000, there could be 10000-20000 USD space below. There are many bottom-fishing opportunities this year, but not at the current moment. Bitcoin is only suitable for dollar-cost averaging; ignore other tokens. For existing positions, reduce on rallies as the main strategy. Regarding precious metals, gold has recently declined sharply, but the uptrend hasn't changed; future outlook remains bullish. This year can establish positions in some stocks and quality derivatives. Specifically, follow the on-spot group within the community. For contracts, follow community strategies as the main approach, with intraday trading as the focus.