Influenced by geopolitical factors, gold plummeted at market open on Monday. As the saying goes, "When the cannon fires, gold flows by the ton" – this time crude oil prices soared while gold declined steadily. Bitcoin also fell continuously. Last Friday, we publicly provided SHORT signals at BTC 70,500 and ETH 2,160, allowing everyone to take profits at 68,000 and 65,000. Did you all get a piece? No worries if you missed it – there are opportunities every day. As long as the direction is right, you'll get on board and make profits eventually!
Bitcoin weekly candle closed with an inverted hammer, a large bearish candle that ended two consecutive bullish sessions. Price broke below the 68,000 level. All three Bollinger Bands rails are opening downward, with the lower rail now flattening and opening downward, creating space for the decline. MACD bearish momentum continues to expand. On the daily timeframe, after price rebounded from resistance at 76,000, it pulled back, breaking below the middle rail support. Bollinger Bands lower rail opened downward, creating room for further downside. KDJ and RSI showed overbought conditions at high levels, forming a death cross and declining, while MACD bearish volume continues to expand.
On the 4-hour timeframe, price continues lower along the lower Bollinger Band rail with repeated probes downward. KDJ and RSI are oversold at low levels with signs of turning upward – indicators need minor correction/bounce. Avoid being too aggressive with shorts. MACD bearish volume continues to expand. On the hourly chart, all three Bollinger Bands rails are opening downward, with price continuously suppressed by the middle rail, forcing the lower rail to open downward. Daily strategy: focus on SHORT positions from higher levels!
If holding SHORT positions from last week's 70,500 level, you can continue holding and watch the 65,000 support level. If without SHORT positions, patiently wait for a bounce to let indicators make minor corrections, then enter SHORTs from higher levels for better safety. Won't elaborate further here – the intraday SHORT plan has been arranged, leave the rest to time! #Gate13周年全球庆典 $BTC
3.23BTC/ETH Market View:
Influenced by geopolitical factors, gold plummeted at market open on Monday. As the saying goes, "When the cannon fires, gold flows by the ton" – this time crude oil prices soared while gold declined steadily. Bitcoin also fell continuously. Last Friday, we publicly provided SHORT signals at BTC 70,500 and ETH 2,160, allowing everyone to take profits at 68,000 and 65,000. Did you all get a piece? No worries if you missed it – there are opportunities every day. As long as the direction is right, you'll get on board and make profits eventually!
Bitcoin weekly candle closed with an inverted hammer, a large bearish candle that ended two consecutive bullish sessions. Price broke below the 68,000 level. All three Bollinger Bands rails are opening downward, with the lower rail now flattening and opening downward, creating space for the decline. MACD bearish momentum continues to expand. On the daily timeframe, after price rebounded from resistance at 76,000, it pulled back, breaking below the middle rail support. Bollinger Bands lower rail opened downward, creating room for further downside. KDJ and RSI showed overbought conditions at high levels, forming a death cross and declining, while MACD bearish volume continues to expand.
On the 4-hour timeframe, price continues lower along the lower Bollinger Band rail with repeated probes downward. KDJ and RSI are oversold at low levels with signs of turning upward – indicators need minor correction/bounce. Avoid being too aggressive with shorts. MACD bearish volume continues to expand. On the hourly chart, all three Bollinger Bands rails are opening downward, with price continuously suppressed by the middle rail, forcing the lower rail to open downward. Daily strategy: focus on SHORT positions from higher levels!
If holding SHORT positions from last week's 70,500 level, you can continue holding and watch the 65,000 support level. If without SHORT positions, patiently wait for a bounce to let indicators make minor corrections, then enter SHORTs from higher levels for better safety. Won't elaborate further here – the intraday SHORT plan has been arranged, leave the rest to time! #Gate13周年全球庆典 $BTC