Evening analysis indicates that the current market is very close to the resistance level. Therefore, the subsequent recommendation is to go short at high levels and wait for the price to break out of the range before adding to positions! Trading idea: short Bitcoin at 68,500-69,000, target 67,500-66,000; short Ethereum at 2,070-2,090, target 2,000-1,950. The market has successfully moved down as expected, with Bitcoin at 66,500 and Ethereum at 1,990, basically reaching the first target level. Take profits on conservative short positions, reduce positions aggressively, and hold for further downside!
The strategy is time-sensitive; specific guidance will be provided privately in real-time! #加密市场反弹 #加密概念股普涨 #深度创作营
View Original
CoinCircleRuoyu
The daily chart shows that Bitcoin has dipped below the 60,000 level and entered a consolidation and correction phase. The market is generally trading within the 71,000-63,000 range, forming a new structural pattern. After a secondary double bottom the day before yesterday, support remains effective, and a rebound has occurred. Currently, it is trading below 70,000, with resistance at 70,000-71,000 and support at 68,000-66,000-63,000. Ethereum's daily chart trend is synchronized with Bitcoin, having entered a consolidation phase after dropping near 1,700, forming a new similar structure between 2,150-1,800. A secondary dip has led to a rebound. Currently, resistance is at 2,100-2,150-2,230, with support at 2,000-1,900-1,800.
On the 4-hour chart, Bitcoin and Ethereum's oversold correction and recovery ranges are clearer. Bitcoin ranges from 71,500-62,500, and Ethereum from 2,150-1,800. The market has experienced a second test of support after a dip, and is very close to resistance levels. Therefore, the subsequent strategy is to short at high levels, and wait for a breakout of the range before entering further positions!
Trading ideas:
Short Bitcoin at 68,500-69,000, targeting 67,500-66,000, with a stop-loss above 70,000;
Short Ethereum at 2,070-2,090, targeting 2,000-1,950, with a stop-loss above 2,150;
Strategies are time-sensitive; specific guidance will be provided privately in real-time!
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.
1 Likes
Reward
1
1
Repost
Share
Comment
0/400
CoinCircleRuoyu
· 5h ago
Wishing you great wealth in the Year of the Horse 🐴
Evening analysis indicates that the current market is very close to the resistance level. Therefore, the subsequent recommendation is to go short at high levels and wait for the price to break out of the range before adding to positions! Trading idea: short Bitcoin at 68,500-69,000, target 67,500-66,000; short Ethereum at 2,070-2,090, target 2,000-1,950. The market has successfully moved down as expected, with Bitcoin at 66,500 and Ethereum at 1,990, basically reaching the first target level. Take profits on conservative short positions, reduce positions aggressively, and hold for further downside!
The strategy is time-sensitive; specific guidance will be provided privately in real-time! #加密市场反弹 #加密概念股普涨 #深度创作营
On the 4-hour chart, Bitcoin and Ethereum's oversold correction and recovery ranges are clearer. Bitcoin ranges from 71,500-62,500, and Ethereum from 2,150-1,800. The market has experienced a second test of support after a dip, and is very close to resistance levels. Therefore, the subsequent strategy is to short at high levels, and wait for a breakout of the range before entering further positions!
Trading ideas:
Short Bitcoin at 68,500-69,000, targeting 67,500-66,000, with a stop-loss above 70,000;
Short Ethereum at 2,070-2,090, targeting 2,000-1,950, with a stop-loss above 2,150;
Strategies are time-sensitive; specific guidance will be provided privately in real-time!