FerryBTC

#BTC $BTC
Bitcoin Bearish Expectation

#BTC $BTC
Preparing to short around 69,000
Don't close the long positions currently held (take profit at 68,900)

Recording: BTCUSDT.P ▼ 70,500.1 −1.12% / Charting Trend
Recording file:
#BTC
Market Analysis

#ETH $ETH
This is Ethereum's support level, near the uptrend line.
Pullback to the 0.5 position of the trendline support
1. We should not short here (there is still an expectation of an uptrend)
2. Our long positions here need to wait a bit longer, we need to wait until it's completely safe.
Don't take the mainstream trades first, let's observe, we'll discuss after the work week.

#ETH $ETH
Break through important resistance level
Can look bullish and open longs on pullback near 2210
Target: Around 2380

#BTC $BTC
The resistance around 71,500 is very strong. You can short here.
Target to see: 69,500 small double bottom level.
Around 69,500, consider bullish long positions up to around 73,000.
Short-term short, ultimately bullish breakout to see upward movement.

#BTC $BTC
The trend has broken through the 123 rule, and the momentum has become more aggressive.
Pullbacks to open long positions remain the main theme, but the resistance zone above is very clear.
You can continue to trade sideways until a complete breakout occurs.
Key support: around 67,000
Key resistance: around 68,700, 70,000
Focus on long positions, with short positions as a supplement.