BTC


The wave short view is bearish below the 60,000 level. Currently, the price has rebounded to around 77,500; this also isn’t considered trapped. Today, near the short position around 78,000, participate in the wave setup.
The situation in the Middle East is unstable, and with the slightest change in the market, it jumps up and down. The guy is pulling tricks, and the crypto market has fallen into a monkey market. So if you’re running short-term trades, you must strictly cut losses; if you have profit, take it and get out. If you’re mainly planning a long-term layout, then manage your position size well, keep a tight grip, and just watch the price—don’t look at floating losses!

ETH
Here, on the 4-hour timeframe, the Bollinger upper band is suppressing price. There are signs that the RSI is curling downward, and chasing a rally from this position is definitely not a good idea. Overall, continue to focus on going short. On the hourly chart, price is already in the process of pushing higher and then pulling back; after KDJ and RSI were both overbought at high levels, they are also curling downward, and the price is about to return below the upper band. In terms of execution, continue to focus on short entries; 2380-2400-2450 are all short-consideration participation zones. For support below, watch 2300-2250-2200.
BTC2.15%
ETH2.88%
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
Add a comment
Add a comment
No comments
  • Pin