Like walking a tightrope, the market sentiment is truly headache-inducing, with price fluctuations back and forth between 76,000 and 77,000 during the day. Ethereum is relatively weaker, stabilizing around 2,300. At such times, it's even more crucial to precisely grasp the entry points to step forward profitably. This morning, Old Yang's strategy for trading also gained over 700 points of space; opportunities are often reserved for those who work harder. Do you see more? Then find a position to enter, and set your stop-loss properly. Can't understand? Then don't touch it, even if it skyrockets, it doesn't matter to you. Don't guess while trading—will it lure you into a trap? Will it fake a breakout? Those things are endless to guess. Don't fight the market; simplify your choices to either do or not do.



On the daily chart, Bitcoin's high-level decline has resulted in three consecutive downward candles, indicating a short-term trend weakening. Then, a small bullish candle followed; don't think it's the bulls starting a strong counterattack—it's just a low-level correction, not a strong reversal. On the four-hour chart, the Bollinger Bands are narrowing, with price moving along the lower band, volume shrinking, and rebound momentum weak. The trading strategy remains mainly to sell high and buy low.

Short Bitcoin at 77,200-77,700, targeting around 76,000.
Short Ethereum at 2,150-2,180, targeting around 2,050.
BTC-0.21%
ETH-0.92%
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