Morning Bitcoin Ethereum market analysis and trading suggestions


Good morning everyone, it's another night of intense battles with my brothers. In fact, the market conditions tonight are not particularly significant, so why do we need to keep a close eye on the market in real-time? The reason is simple: some people think that a fluctuating market is easy to trade, but I want to say that often it is the fluctuating market that tests your skills, not only your courage but also your ability to control your positions and manage risks. Throughout the night, I maintained a high-level mindset, with both long and short positions set up, all exiting with profits. Currently, Bitcoin has rebounded to around 87700, and Ethereum has reached around 2980.

Currently, from a technical analysis perspective, there is a rebound demand for the hourly price of the coin. In the early morning, the price tested the lower 86000 level three times, but did not break it down with an entity; instead, it briefly touched it in a pin bar manner and then provided a rebound force. Additionally, a longer lower shadow was formed below, and the lows are continuously rising. However, it should be noted that on the four-hour level and larger daily level, the price is still in a weak structure. This indicates that the overall pattern has not reversed yet; currently, we can only say it is in a consolidation phase under a bearish trend. In the morning operations, we still focus on high short positions.

In the morning, you can short Bitcoin around 88200-88500 and look at 86500.
In the morning, Ether can be shorted around 3000-2980. Look at 2850#非农数据超预期 #反弹币种推荐 #Gate广场圣诞送温暖 .
BTC-1.47%
ETH-0.82%
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)