1️⃣ Previously, the four-hour support at BTC 74,500-75,000 indicated a low-position buy-in, and the market rebounded as expected to 77,000, with the bulls taking profit.



2️⃣ Currently, the overall strategy for BTC is mainly to go short from high levels, with a clear resistance at 78,000 above. Below, 75,000 still presents a low-buying opportunity. The market remains volatile with wide fluctuations, and trading within the range by buying low and selling high is advisable.

3️⃣ During the bear market cycle, Bitcoin's performance will continue to outperform Ethereum, and the premium gap between the coins will gradually widen.

4️⃣ ETH is extremely weak, forming a large-scale head-and-shoulders pattern, maintaining a bearish outlook overall.

5️⃣ For Ethereum, short positions are set around 2120-2140, with key support at the 2000 level. Reaching this point can be used to take profit on shorts, which will also trigger a short-term rebound.
BTC-0.27%
ETH-1.25%
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