BTC/ETH Evening Trend Analysis



BTC has fallen from 81,320 all the way down to a low of 78,721, a maximum decline of about 2,600 points; ETH has dropped from 2,322 to 2,233, a maximum decline of about 90 points. The short-term decline is too rapid, and a clear oversold signal has appeared, indicating a strong technical rebound demand.
BTC has shown a bullish candlestick around 78,721, and ETH around 2,233, indicating that the buying support below is beginning to appear, and the short-term bearish momentum shows signs of exhaustion.

1. BTC

Long: - Entry zone: 78,900-79,100 (retest without breaking the current rebound starting point)
- Stop-loss: 78,600 (break below the evening low, indicating rebound failure and continued weakness)
- Target: - First target: 79,800-80,000 (the first key resistance during the decline)
- Second target: 80,300-80,500 (limit resistance during the rebound; only if broken can a higher challenge be considered)

Short: - Entry zone: 79,900-80,100 (rebound to resistance level with signs of stagnation)
- Stop-loss: 80,600 (break through rebound resistance, indicating bullish strength exceeds expectations, abandon short positions)
- Target: 79,200-79,000 (retest support level)

2. ETH

Long: - Entry zone: 2,240-2,248 (retest without breaking the current rebound starting point)
- Stop-loss: 2,230 (break below the evening low, rebound fails)
- Target: - First target: 2,265-2,275 (the first key resistance during the decline)
- Second target: 2,285-2,295 (limit resistance during the rebound)

Short: - Entry zone: 2,275-2,285 (rebound to resistance level with signs of stagnation)
- Stop-loss: 2,300 (break through rebound resistance, abandon short positions)
- Target: 2,245-2,235 (retest support level)
BTC-1.47%
ETH-1.12%
View Original
post-image
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