Rich sisters, a new week begins. The weekly chart of Bitcoin has formed a shooting star top at 94800, which faces significant resistance. There was no successful breakout. From the weekly closing perspective, the likelihood of breaking through the 94800 resistance this week is low. Therefore, we can continue to focus on short positions. Short positions in the 92000-94000 range can be held for a longer term, aiming for around 88000! Long positions can take advantage of a rebound at support levels and exit around 90500, 89500, 88500. You can build positions in batches at these points!
Ethereum's weekly chart also shows a shooting star, and its movement is also dependent on Bitcoin. The main resistance this week is at 3180. If it breaks and stabilizes above this level, it could go to around 3250. So, short positions from 3180-3250 can target around 3000! For longs, consider short-term trades near 3100, 3080, 3060. Taking about 20 points profit and then exiting! The above is just my personal analysis for reference only!
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.
Rich sisters, a new week begins. The weekly chart of Bitcoin has formed a shooting star top at 94800, which faces significant resistance. There was no successful breakout. From the weekly closing perspective, the likelihood of breaking through the 94800 resistance this week is low. Therefore, we can continue to focus on short positions. Short positions in the 92000-94000 range can be held for a longer term, aiming for around 88000! Long positions can take advantage of a rebound at support levels and exit around 90500, 89500, 88500. You can build positions in batches at these points!
Ethereum's weekly chart also shows a shooting star, and its movement is also dependent on Bitcoin. The main resistance this week is at 3180. If it breaks and stabilizes above this level, it could go to around 3250. So, short positions from 3180-3250 can target around 3000! For longs, consider short-term trades near 3100, 3080, 3060. Taking about 20 points profit and then exiting!
The above is just my personal analysis for reference only!