Gu Jingci: 5.26 Bitcoin/Ethereum Evening Trading Strategy and Market Analysis


Bitcoin/Ethereum retreated in the morning, then surged again in the evening; the price levels remained unchanged, but many positions were lost. Currently, the overall trend remains bearish, with clear resistance above, mainly focusing on the high points around 78,000 and 2,150. These are also the peaks after this round of decline; if these levels are not broken, the trend remains bearish, and any upward movement presents an opportunity. In recent days, overall volatility has been mainly influenced by the US-Iran conflict, but despite continuous positive news and a sharp drop in crude oil, there hasn't been a significant upward movement in the crypto market. If negotiations encounter some setbacks, it will likely trigger another dip in the crypto market.

Evening trading suggestions: Continue short positions near Bitcoin's current price of 77,300 to 77,600, targeting 75,000 to 76,000; continue short positions near Ethereum's current price of 2,125 to 2,140, targeting 2,030 to 2,060, with key levels at 78,200 and 2,150.
BTC-1.26%
ETH-0.92%
View Original
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