#以太坊大户持仓变化 BTC and ETH Mid-Day Technical Analysis



From the 4-hour chart, BTC is currently in a clear downtrend cycle. Short-term momentum is waning, and many investors have noticed that the price is approaching the key support level at 89588.1. The bearish engulfing pattern on the candlestick chart is quite obvious, and the short-term moving averages are also sloping downward—these details collectively signal a bearish outlook.

Interestingly, the price still remains above the long-term moving average. This indicates that the medium-term upward trend has not fully reversed. In other words, there is still a technical basis for a rebound.

Considering the current trend direction and the resistance zone between 89630.8 and 90364.2, shorting at higher levels is a more aligned strategy. This approach has a higher probability of success.

**Mid-Day Trading Strategy**:
- Consider short positions around 90800-91300 for BTC, targeting the 89500-89000 range
- Consider short positions around 3140-3160 for ETH, targeting the 3080-3030 range

If the price indeed breaks below the support in the short term, that will confirm the trend. Conversely, if it rebounds back above the moving averages, a more cautious approach should be taken to observe the next moves.
ETH-0.02%
BTC0.55%
View Original
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
  • 8
  • Repost
  • Share
Comment
0/400
RadioShackKnightvip
· 17h ago
Starting to draw lines again. This time, can we not follow the trend? It's another short position at a high level. How are those who said this last time doing now? Can the support at 89588 hold? It feels a bit shaky. The logic looks good, but I just want to ask—what are the big players doing? The long-term moving averages are still above, so why rush to short? Isn't that contradictory? Short-term decay doesn't necessarily mean it will fall. Many times, it's just bottoming out.
View OriginalReply0
SpeakWithHatOnvip
· 18h ago
It's the same bearish logic again. I think we still need to wait for a breakdown before making any moves. Shorting at high levels is actually just giving away money. I really dislike BTC's temperament. I'm optimistic about the rebound; the moving averages are still supporting it. Don't be fooled. That critical support at 89,000 isn't that easy to break. Historical experience tells me so. ETH this wave really isn't worth much; the fluctuations aren't aggressive enough.
View OriginalReply0
PoolJumpervip
· 01-09 08:49
Taking a short position again? Feels like it's always the same trick.
View OriginalReply0
RealYieldWizardvip
· 01-08 08:20
It's another short position. Let's see if I can catch the bottom this time... Let's talk after the 89588 support breaks.
View OriginalReply0
DisillusiionOraclevip
· 01-08 08:20
Another short position idea. How come I’ve never seen a real rebound before?
View OriginalReply0
notSatoshi1971vip
· 01-08 08:20
It's the same old moving average theory again, always talking about long-term and short-term cycles, but it still gets smashed through in the end.
View OriginalReply0
WhaleMistakervip
· 01-08 08:10
Whether the 89588 support level breaks or not is the key now; it looks a bit uncertain at the moment.
View OriginalReply0
MoonWaterDropletsvip
· 01-08 07:56
With such obvious bearish signals, why are people still going long? Wake up, everyone.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 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)