In the live broadcast from last night to the early morning, I emphasized multiple times the need to focus on the two key support levels of 2960 and 90500-90000. If these two positions are effectively broken, the market direction will directly turn bearish, and we need to pay attention to the support levels of 2700 and 87000. From the actual trend, the early morning market basically validated this prediction. It should be noted that market analysis is not always precise, but I am always committed to creating opportunities for everyone to return to profitability or to seize the last chance to get on board at the end of a trend. As I often emphasize: doubling the position size is just a basic goal; we should set the grand ideal of having a million position size—of course, this requires reasonable position management as a prerequisite.


From a technical perspective:
1. Bitcoin:
• Daily level: Yesterday saw a rise followed by a fall, closing with a solid bearish candle. The price broke below the middle track and continues the trend of consecutive bearish pullbacks. The short-term moving average system has turned downward, and the adjustment that started from the 88500 high has not yet ended, with the structure still in a downward channel.
• 4-hour level: Presenting a stair-step oscillating downward pattern, the rebound has failed to break through the previous high, with lows continuously being refreshed, leading to a continuation of the weak bearish trend in the short term. After a series of consolidations, there is still a possibility of further breaking below and expanding the adjustment space in the future.
• Trading suggestion: You can layout short positions around 89000-89500, aiming for 86000.
2. Ethereum:
• Operation suggestion: You can try a short position near 2950, target level 2750#逆势上涨币种推荐
BTC0,81%
ETH0,57%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)