Bitcoin Market Analysis: The weekly chart shows a large bearish candle breaking down and falling back, approaching the previous support zone of 59,600 to 69,100, with the Bollinger Bands opening downward. The weekly MACD remains bearish and continues to diverge, indicating a strong bearish trend. In this kind of one-sided decline, there’s not much to analyze; I can only provide support and resistance levels for reference.



Support: 59,600 (short-term strong support)
Resistance: 69,100-68,300

Ethereum Market Analysis: On the weekly chart, the price is at the key level of 1,700, which is the lower boundary of the major central zone (the starting point of the previous rally). According to the Chan theory structure, it is currently at the bottom edge of the lower central zone, with 1,700 being the lifeline for bulls and bears. If it breaks below 1,700 and cannot rebound back, the weekly chart will enter a deep decline; holding above 1,700 could trigger a weekly oversold rebound.
The weekly large bearish candle shows volume-driven downward movement, with bears in control. Only around the 1,700 level can a small position be taken for a short-term rebound.

Intraday Trading Suggestions: Buy on dips near 63,000, with a stop at 62,000, targeting around 65,400-66,000. If it breaks below, look for around 66,700; if not, consider shorting.

Ethereum Trading Suggestions: Buy on dips near 1,750, with a stop at 1,700, targeting around 1,830-1,850. If it breaks below, look for around 1,880-1,910; if not, consider shorting. (Strategy for reference only)
BTC2.01%
ETH2.35%
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