Morning Double Candle Analysis



This morning, the double candle continues the weak oscillation rhythm linked with the Bitcoin. After the price retraced to around 2285 in the early hours, it quickly stabilized and rebounded, leaving a candlestick with a long lower wick. Currently, it is consolidating and ranging around 2320. The Bollinger upper band is clearly under pressure + the MACD is curling downward. Short-term bullish momentum is fading, and it has entered a retracement cycle. Light Cang tests for a move; handle your risk.

Recommendation: Go short around 2330-2350, targeting 2280-2290. Light Cang tests for a move; handle your risk 2370#Gate13周年现场直击 $ETH
ETH-1.69%
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