Morning Analysis


Last night, the bulls tried to initiate a late-night spike into the midnight session. Big Bitcoin (BTC) was pushed up to the 79,400 area, faced resistance there, and then pulled back. Afterwards, the price quickly dipped lower; this aligned with the bearish view of “Jiaoyang” and “Silk Road.” Bullish momentum has clearly started to fade, with highs continuing to step down one after another, while during the decline phase, trading volume increased in tandem. Although there was a brief signal of stabilizing at low levels, the rebound strength was weak. The volume structure still supports a downward move. Today, the overall market pattern is clearly dominated by bears, and the trading approach should mainly be to place short orders at higher levels.
Trading Suggestions
Place short orders around 78,800-79,300 on Big Bitcoin (BTC), targeting 76,800-77,300
Place short orders around 2,390-2,420 on Ether (ETH), targeting 2,290-2,320 $BTC $ETH #Gate13周年现场直击
BTC-0.17%
ETH-0.09%
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GreatBoundlessHeavenlyLord
Morning Analysis
Last night, the bulls attempted to initiate a midnight surge; the large coin (BTC) was pushed up to the 79,400 level at one point, then met resistance and pulled back. After that, the price quickly dipped again, aligning with the bearish viewpoint of the Sun and Silk Road. Bullish momentum has clearly weakened, with the highs continuing to step down one after another; during the declining phase, trading volume also expanded in tandem. Although there was a brief signal of a stop in the selling at low levels, the rebound strength was on the weak side. Even so, the volume structure still supports a downward trajectory. Today’s market overall has a clear bearish dominance; the trading approach is mainly based on setting up shorts at higher levels.
Trading Suggestions
Set short positions near 78,800-79,300 on BTC, targeting 76,800-77,300 nearby
Set short positions near 2,390-2,420 on ETH, targeting 2,290-2,320 nearby$BTC $ETH #Gate13周年现场直击
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