Yesterday, after a strong opening, the market continued to consolidate sideways, and started to decline throughout the night. Our bearish strategy near 108800 and 4480 from last night successfully dropped to the 107200 and 4360 levels, yielding a good profit! Currently, after the decline, the market has entered a sideways consolidation again, with an overall weak trend, but it has not broken through key support, and there are still signs of stabilization below. 📊Technical face - Daily level: Still in a sideways consolidation pattern, with lows gradually stabilizing, forming a consolidation shape. Recent highs have not broken above the previous resistance of 110000 and around 4530. - 4-hour level: Continuous bearish candles indicate a short-term weak downtrend, but the price is close to the previous lows of 106000 and around 4330, which presents certain support. - MACD Indicator: The histogram on the 4-hour level is shortening, and the fast and slow lines are below the zero axis, indicating a weakening of bearish momentum. 🚀 BTC: Consider low longs around 106700–107200, target around 108600. ETH: Consider going long near 4340–4370, with a target around 4450. ✨： The market situation is quite volatile, so operations need to be cautious, and positions should be reasonably controlled with good risk management. Feel free to communicate and discuss, and let's seize the opportunities together!
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【📉BTC ETH Yesterday Market Review】
Yesterday, after a strong opening, the market continued to consolidate sideways, and started to decline throughout the night. Our bearish strategy near 108800 and 4480 from last night successfully dropped to the 107200 and 4360 levels, yielding a good profit! Currently, after the decline, the market has entered a sideways consolidation again, with an overall weak trend, but it has not broken through key support, and there are still signs of stabilization below.
📊Technical face
- Daily level: Still in a sideways consolidation pattern, with lows gradually stabilizing, forming a consolidation shape. Recent highs have not broken above the previous resistance of 110000 and around 4530.
- 4-hour level: Continuous bearish candles indicate a short-term weak downtrend, but the price is close to the previous lows of 106000 and around 4330, which presents certain support.
- MACD Indicator: The histogram on the 4-hour level is shortening, and the fast and slow lines are below the zero axis, indicating a weakening of bearish momentum.
🚀
BTC: Consider low longs around 106700–107200, target around 108600.
ETH: Consider going long near 4340–4370, with a target around 4450.
✨：
The market situation is quite volatile, so operations need to be cautious, and positions should be reasonably controlled with good risk management. Feel free to communicate and discuss, and let's seize the opportunities together!