The overall trend from the morning until noon was still a correction pattern, with Bitcoin bottoming out at around 71,500 before rebounding, and then rising to around 72,300 to face resistance. The intraday white chart's fluctuation was only about 800 points. Regarding Ethereum, after an upward spike in the early session, it generally showed a weak structure, with multiple attempts to test the 2180 level being resisted, forming a short-term resistance level. Currently, it is in a sideways downward oscillation, preparing for a correction that leans toward weakness. As for real trading positions, the orders placed in the early morning were also closed with profits. Bitcoin short positions were established at 72,500, and after a second test of 71,500 in the morning, they were closed with a profit of 1,000 points. Ethereum short positions were set around 2,230, and after falling to around 2,180, they were closed with a profit of over 50 points.



Looking at the current market, the daily chart shows three consecutive candles consolidating at high levels. After the morning close, the consolidation continued. Although it remains at a high level, indicators have already entered a downward adjustment phase, and the future trend is still likely to show weakness. Combining the four-hour chart, the market is in a stair-step upward phase. Currently, the midline acts as a short-term support level, but the price has recovered to a high level, frequently showing upper shadows, indicating strong selling pressure at high levels. Overall, the market is in a weak structure, with some room for a pullback. The MACD shows a dead cross at a high level, with decreasing energy bars. In the short term, watch for a pullback to the four-hour midline; if broken, the trend may continue downward.

Bitcoin can be shorted at 2200-2220, targeting around 2160-2110. Ethereum can be shorted at 72,000-72,500, targeting around 70,500. #加密市场回升 $BTC $ETH
BTC1,5%
ETH1,79%
View Original
post-image
post-image
post-image
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
Add a comment
Add a comment
No comments
  • Pin