The recent two-week lows have all been broken again, with Bitcoin dropping to a low of 76,666 and Ethereum falling to 2,085.


The price has rebounded a bit, but still looks weak, very close to the lows, with a possibility of being broken again at any time.
Bollinger bands are pointing downward, and the rebound hasn't even touched the middle band.
This kind of trend suggests not to expect a V-shaped reversal for now.
The bears haven't been cleared out, with resistance firmly at 77,500-78,000 and 2,140-2,160 above.

In terms of trading: continue to short on rebounds:
Short in the 77,200-77,500 range, with targets at 76,600 and even 76,000;
Short in the 2,130-2,140 range, with targets at 2,100 and 2,080.
Follow the rhythm in the morning to enter short positions, set stop-loss and take-profit levels, and hold patiently. #TradFi交易分享挑战 $BTC $ETH
BTC-1.49%
ETH-3.07%
View Original
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
  • Pinned