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Good afternoon, brothers! ๐ฅ
Bitcoin and ETH on the one-hour chart continue to weaken, the bearish momentum hasn't stopped yet, so don't rush to buy the dip and catch falling knives ๐ฎโ๐จ
Here's the practical trading plan for this afternoon, clear and easy to execute ๐
๐ Bitcoin BTC
Currently oscillating weakly around 76,800, with the hourly chart firmly below the moving averages, clearly showing a bearish trend.
In the current market, avoid going long or bottom-fishing; rebounds are opportunities to open short positions!
๐ When the rebound reaches the 77,300-77,600 resistance zone without breaking through, go short with the trend
Place the stop-loss above 78,000
The first short-term target is 76,000; if broken, look further down to 75,000
๐ ETH
The trend is even weaker than Bitcoin, currently trading around 2,287, repeatedly testing the bottom, with the hourly chart struggling to break above the 2,300 key level.
In the afternoon, firmly avoid chasing longs; the main trend is to short on rebounds!
๐ When facing resistance at 2,300-2,320, directly set up short positions
Place the stop-loss above 2,350
First target is 2,250; if broken, look further down to 2,200
โ ๏ธ A reminder from the heart:
The hourly weak market trend is clear; only short on rebounds, avoid counter-trend bottom-fishing, and don't hold heavy positions!
Strictly set stop-losses, protect your capital to have another chance!
$BTC $BTC