Afternoon to evening, the short-term movement is still a narrow range fluctuation, not providing much volatility, and the overall structure has not changed significantly. It goes down the same way it rises; there is also some pressure above. The short-term trend remains in a high-level oscillation. During midday, traders also took advantage of short-term pullbacks to go long, with longs at 80,800, pushing up to 81,600, gaining over 800 points. After yesterday’s rally, Ethereum’s fluctuations have been relatively stable, but there are still opportunities. This recent market sentiment is still in a state of flux, and traders are wasting this opportunity.



Currently, Bitcoin is maintaining a narrow range within a small zone, with neither the high nor the low breaking out. It remains in a tug-of-war within the range. Although the daily chart shows a slight decline, it is still fighting for a key position to break above the upward trendline. The four-hour chart has also slowed down and is currently consolidating sideways. It is uncertain whether there will be a second attempt to reach a new high or a deeper correction. The overall slowing trend does not indicate a trend reversal; capturing a one-sided market trend is an important strategic approach. By accumulating small profits during market consolidation and larger profits during a trending market.

In the evening, Bitcoin around 80,700-80,500 is to go long directly, targeting 82,500. Ethereum around 2,300-2,280 is to go long directly, targeting 2,450.
BTC-1.64%
ETH-2.26%
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