Weekend Bitcoin experienced a rapid drop followed by a quick rebound, first sharply falling to touch the 2007 level, then driven by news sentiment to surge higher. Both movements are fundamentally driven, not natural technical patterns. Currently, the price has returned to around 2100 for consolidation and rebound, looking quite strong, but upon closer inspection, it hasn't even broken the short-term high, which shows external strength but internal weakness — the rise is superficial, not truly strong. The overall trend leans more towards technical correction combined with weekend market control, so don’t be misled by the surface-level gains.



In terms of trend structure, from 2381 downward, the short-term highs have been consistently declining, which is a classic weak pattern. Even though this rebound looks fierce, it still hasn't broken through the descending resistance of the highs. To talk about a trend reversal, bulls must first surpass the 2180 hurdle. What is 2180? It’s the opening of the Bollinger lower band after two days of narrowing, and also a key level for continued decline. Coupled with the resistance of the 5-day moving average’s energy bar, if it can’t push through, there’s no talk of a trend reversal. Moreover, this rebound is mostly driven by emotional trading related to Middle East tensions, which are highly volatile day-to-day, with almost no continuity. Relying on news to push the rebound is the least reliable. Returning to the structure itself, the weak pattern remains unchanged, so the main stance remains bearish.

Ethereum can be shorted around 2125-2150, targeting the 2070-2040 range. Before breaking 2180, every rebound is an opportunity to short. #股票交易挑战最高赢17000U $BTC ‌$ETH
ETH-1.6%
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