Ugust began to rebound in the positive area, and after a week of rising Asian stock markets, it rebounded and ended with another series of big data on US employment. Bitcoin BTCUSD is also rising 3.80%, breaking through the $40,000 mark for the first time this weekend. After two months of sideways trading, the time since mid-May, but in the action earlier on Monday, the level looked slippery.
Matt Mayley, chief market strategist at Miller Tabak and Co., urged us to re-examine how to save profits this time. First, repeat some of the above tips so that investors can measure stocks during normal market hours. "The market is much thinner... and the trading volume is much lower... at the weekend, so let's see if [Bitcoin] can stay above $40,000 when it enters next week, lest We are too excited," Mei Li told clients in a report on Sunday that his next goal will be a daily moving average (DMA) of $200, which has reached $44,600 twice since May... And it changed both times.
Therefore, it can/should form some resistance to the new rally in early August," Meili said. Breaking through this line will cause the cryptocurrency to "surge rapidly." In other words, you may need to "take a breath." "Digest your 200DMA earnings, but if you are much higher than that level (soon...or after a "breathing"),
you should be very optimistic. "For Bitcoin," he said. This is a potentially bullish view because it also shows that the cryptocurrency looks overbought in the short term based on its relative strength index, which is a widely used oscillatory indicator that tracks the size of recent losses and recent gains the size of. "Don’t get us wrong, it was overbought before the January and February update... and November last year. However, its overbought level exceeded the historical high in April, so if this move During this weekend until the middle of next week, investors and traders will be more confident," Meili said.
Ugust began to rebound in the positive area, and after a week of rising Asian stock markets, it rebounded and ended with another series of big data on US employment. Bitcoin BTCUSD is also rising 3.80%, breaking through the $40,000 mark for the first time this weekend. After two months of sideways trading, the time since mid-May, but in the action earlier on Monday, the level looked slippery.
Matt Mayley, chief market strategist at Miller Tabak and Co., urged us to re-examine how to save profits this time. First, repeat some of the above tips so that investors can measure stocks during normal market hours. "The market is much thinner... and the trading volume is much lower... at the weekend, so let's see if [Bitcoin] can stay above $40,000 when it enters next week, lest We are too excited," Mei Li told clients in a report on Sunday that his next goal will be a daily moving average (DMA) of $200, which has reached $44,600 twice since May... And it changed both times.
Therefore, it can/should form some resistance to the new rally in early August," Meili said. Breaking through this line will cause the cryptocurrency to "surge rapidly." In other words, you may need to "take a breath." "Digest your 200DMA earnings, but if you are much higher than that level (soon...or after a "breathing"),
you should be very optimistic. "For Bitcoin," he said. This is a potentially bullish view because it also shows that the cryptocurrency looks overbought in the short term based on its relative strength index, which is a widely used oscillatory indicator that tracks the size of recent losses and recent gains the size of. "Don’t get us wrong, it was overbought before the January and February update... and November last year. However, its overbought level exceeded the historical high in April, so if this move During this weekend until the middle of next week, investors and traders will be more confident," Meili said.
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