Second Bitcoin Coin Market Analysis and Trading Strategy
The second Bitcoin coin trend confirms a shift to bearish, with a primary focus on shorting. The daily chart shows an effective double top pattern, and after breaking the neckline, the price quickly declines. The measured decline corresponding to this pattern is gradually materializing.
In the four-hour cycle, the price is moving within a downward channel, with significant resistance at the upper boundary. Each rebound encounters strong selling pressure; once the lower boundary of the channel is broken, the downward space fully opens.
At the order book level, sell orders far exceed buy orders, with bulls showing weak support. Slight selling pressure can trigger a sharp price decline.
Trading Recommendations
- Entry Range: 2960-3020, short on rallies - Target Range: First target 2860, second target 2740; if broken downward, then follow the trend and short - Long-term Target: Watch for the 2400 level #加密市场观察 #ETH走势分析
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Second Bitcoin Coin Market Analysis and Trading Strategy
The second Bitcoin coin trend confirms a shift to bearish, with a primary focus on shorting. The daily chart shows an effective double top pattern, and after breaking the neckline, the price quickly declines. The measured decline corresponding to this pattern is gradually materializing.
In the four-hour cycle, the price is moving within a downward channel, with significant resistance at the upper boundary. Each rebound encounters strong selling pressure; once the lower boundary of the channel is broken, the downward space fully opens.
At the order book level, sell orders far exceed buy orders, with bulls showing weak support. Slight selling pressure can trigger a sharp price decline.
Trading Recommendations
- Entry Range: 2960-3020, short on rallies
- Target Range: First target 2860, second target 2740; if broken downward, then follow the trend and short
- Long-term Target: Watch for the 2400 level #加密市场观察 #ETH走势分析