When the road is blocked, changing direction may lead you to find another path that suits you. Learning to be adaptable allows you to progress smoothly. The crypto world is still the same; in the short-term structure, it is currently slowly rising to recover, with midday price recovering to the 111790 level. The go long idea given in the morning has been validated again. Currently, the BTC and Ether provided in the strategy still have space to take. As always, in this kind of rhythm, try to expand the range for swing trading to greatly reduce the probability of loss. This is also the reason for the continuous victories recently; the core logic hasn’t changed, it’s just a matter of timing.



From a technical structure perspective, after yesterday's single bearish decline, the daily line has begun to pause. This pause can still be defined as a corrective structure as previously mentioned. However, due to the significant space available above and below, I believe that the current pullback strength cannot change the existing strong structure. On the daily line, we should still determine the continuation of strength or weakness based on the combined shape and closing strength. In the short term, the space has slightly deepened and the strength has significantly broken the bullish trend after touching the high point yesterday and pulling back down. However, today's slow rise has recouped more than half of the previous decline. In the afternoon, we will continue to go long, observe the continuation of the recovery, and then assess the pullback strength before following up with bearish positions.

In the afternoon on Wednesday, pay attention to go long on BTC between 111400-111000, with a target around 113500. For Ether, focus on go long between 4300-4280, with a target around 4400.
BTC2.52%
ETH2.08%
View Original
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
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 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)