What is the current big trend outlook?



On Monday, the market continued its weakness, and under the continuous downward trend, the rebound and short-selling strategy was a complete success! As we previously accurately predicted, the market dipped to around 65,600, and the short target was perfectly fulfilled. Congratulations to everyone for a full harvest!

The daily chart has now closed with consecutive bearish candles, and the market remains in a wide-range consolidation with continued bearish sentiment, and the news remains biased towards shorting. The resistance level at the top is around 68,500, and the support level at the bottom is around 63,600. Recently, it is expected that the market will decline further. If it rebounds to around 68,000, it will be an excellent short-selling opportunity. The first support levels are in the 63,600 - 61,500 range.

Regarding the "mistress" (a slang term for a secondary asset or altcoin), the 2000 resistance level still exerts obvious pressure. In terms of operation, continue to firmly short, with support levels at 1860 - 1680.
SOL5,09%
ETH4,13%
BTC3,02%
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