Is 9.9BTC long positions a flash in the pan? Layout of BTC and ETH on Monday.



#目前您持仓最多的山寨币是? #分享3个在反弹行情中表现最佳的Meme币 #铸造交易HMSTR PreToken,提前锁定空投收益
- I am analyst Li Hong.

Those who want to follow my fren must know that I've been strong recently and have made good profits by entering the market according to the points given in my recent articles. Today, I also provide a shorting idea: BTC: Shorting in batches in the area near 54600-54700 to gain 1100 points. Shorting ETH in batches in the area near 2330-2300 to gain 65 points. The weekend market is also under control.

The daily candlestick for BTC currently appears to be warming up, with the moving average trending upward, indicating that the market may enter a slow-shaking mode within a range. At this moment, the struggle between long and short positions intensifies. Blindly chasing short positions is no longer wise; instead, it is important to accurately capture the pressure and support within small time frames. However, looking at the 4-hour chart, the KDJ indicator shows a death cross and continues to trend downward, indicating a bearish short-term market trend. The Bollinger Bands show an increase in short positions, but the lower band has not shown a clear opening, suggesting that the market may experience a rebound, followed by another possible price decline. In the main chart, the MA5 and MA10 moving averages are sticking together and the trend is weak, while the upper MA30 moving average is at a high level and slowly descending, indicating that shorts dominate the market.
#BTC
Monday morning ideas and operational suggestions:

BTC55300-55000 short, target follow53000 area, can continue to hold if broken
#ETH
Auntie 2350-2320 short, target follow 2200 vicinity.

The above article is written by Li Hongtrend. The article is solely the author's personal opinion. The positions on different platforms may vary. Please refer to the real-time market situation depicted in the chart for analysis. The above analysis content represents the author's personal opinion and does not constitute specific operations. The article may have lag. Trading based on this is at your own risk. Investment involves risks, please exercise caution when entering the market.
FTN-17,56%
SOL-2,27%
ZBU-0,68%
ETH-3,49%
BTC-2,08%
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)