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Concubine: Early Pankou followed Bitcoin in sync as it moved downward. It probed as low as 2173, then consolidated and rebounded to repair the move. Currently, it’s trading in a tight range around 2192.
Geopolitical sentiment in the Middle East has temporarily eased in stages, and market risk-aversion sentiment has cooled somewhat. Combined with short-term dip-buying funds entering after an oversold condition in the early session, this has pushed the price action to come out with a repair rebound. However, it must be made clear that this rebound is only a technical correction; the large-scale bearish structure has not changed fundamentally. The prior downward trend is still continuing, and 2220-2240 remains the short-term strong resistance. Pankou is moving in sync, so the approach is mainly to go short at high levels, with low buying as a supplement!
Trading suggestions
Concubine: Short near 2220-2240. First, watch 2160; if it breaks down, keep watching 2135. If a strong rebound breaks through 2240, you can go long accordingly #加密市场小幅下跌 $BTC $ETH