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After that last dump last night, market sentiment has weakened a lot. Don’t be fooled—even on the smaller timeframes it still looks bullish—but no matter what, it can’t climb. Today during the day, it tried to surge to 2280 three times, and every time it was knocked back, which shows that the capital doesn’t have staying power and the selling pressure is still there. Tonight you want to push to 2300—if there’s no new storyline, it’s pretty hard.
Next, we’ll use time to make up for space. The range is very clear:
· Support is at 2210-2230 below. If the pullback holds, take one more short-term long; set the stop-loss below 2200
· Resistance is at 2282-2300 above. If the rebound can’t get up there, short; set the stop-loss above 2310
Watch the US session tonight: if it still can’t get through 2280, this consolidation will at least have to grind on for another day or two. If it truly breaks one side with volume, then follow through and trade. Before it breaks, don’t listen to stories—only trust the range. $BTC $ETH