Monday morning BTC/ETH analysis on the 2.2



From the current technical structure, the market has established a clear bearish weakness pattern. The MACD green bars continue to expand, and the RSI indicator is weakening simultaneously, indicating that the bearish momentum is still being released. The trend is likely to continue, maintaining a generally bearish tone.

Currently, the market is dominated by a bearish outlook in the short to medium term. Until key resistance levels are effectively reclaimed and stabilized, all rebounds should be viewed as corrections within a downtrend rather than trend reversals. Instead, they can serve as opportunities to follow the trend and short.

Operational suggestions:
Bitcoin (BTC) in the 77,700-78,200 range for shorting, target 75,000
Altcoin (ETH) in the 2,310-2,330 range for shorting, target 2,170
BTC-4,2%
ETH-9,81%
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
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 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)