9.1 BTC and ETH intraday
Judging from the current bearish trend, the room for a downward adjustment and the bearish momentum have not yet been fully released. This is also the core logic behind opening short positions around 79300 after the price failed to hold above 80000 earlier. If a similar pattern emerges again, the approach will remain unchanged
Strong support below is around 74000. As long as this support holds, the broader market still has the conditions to resume its upward move. However, special attention should be paid to the period before and after this week's nonfarm payrolls data release, as the market is highly likely to move lower first and then rise. Be alert for a rebound after a short-term bottoming process
BTC rebound at 78700, short under pressure at 79500, targets 77000 and 760000
ETH rebound at 2480, short under pressure at 2520, targets 2430 and 2370
#Gate首发上线日股交易 $BTC
Judging from the current bearish trend, the room for a downward adjustment and the bearish momentum have not yet been fully released. This is also the core logic behind opening short positions around 79300 after the price failed to hold above 80000 earlier. If a similar pattern emerges again, the approach will remain unchanged
Strong support below is around 74000. As long as this support holds, the broader market still has the conditions to resume its upward move. However, special attention should be paid to the period before and after this week's nonfarm payrolls data release, as the market is highly likely to move lower first and then rise. Be alert for a rebound after a short-term bottoming process
BTC rebound at 78700, short under pressure at 79500, targets 77000 and 760000
ETH rebound at 2480, short under pressure at 2520, targets 2430 and 2370
#Gate首发上线日股交易 $BTC
