Gu Jingci: 6.8 Bitcoin/Ethereum consolidating at the bottom, watch for trend reversal



After successfully validating the long-then-short strategy in Bitcoin/Ethereum last night, the white session re-entered with a pullback long position, though the long entry was somewhat conservative, with only a few points of space remaining before entry. However, the pullback for a bullish trend is correct. Currently, after an early morning surge, the market is consolidating within a narrow range, and in the evening, it rose again. The overall trend is strong, but the resistance from the daily chart's rapid decline still exists. Do not chase the high after the rise; watch for short-term resistance. The support levels around 1600 and 61,500 remain as short-term support. The four-hour Bollinger Bands are narrowing, indicating ongoing consolidation. In the evening, consider shorting on rallies, and once a pullback occurs, look for support to enter long positions.

Evening trading suggestions: Short Bitcoin near 83,500 to 84,000, with a target of around 82,000; short Ethereum near 1,690 to 1,700, with a target #分享美股交易赢英伟达股票 of around 1,630.
ETH4.17%
BTC3.31%
View Original
post-image
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
  • 8
  • Repost
  • Share
Comment
Add a comment
Add a comment
GuJingci
· 2h ago
Wrongly written, around 63,500 to 64,000
View OriginalReply1
Bull111
· 2h ago
Buy the dip 😎
View OriginalReply0
Bull111
· 2h ago
Just charge forward 👊
View OriginalReply0
sheSh
· 2h ago
Hop on now!🚗
View OriginalReply0
sheSh
· 2h ago
Just charge forward 👊
View OriginalReply0
GuJingci
· 2h ago
Steadfast HODL💎
View OriginalReply0
GuJingci
· 2h ago
Hop on now!🚗
View OriginalReply0
GuJingci
· 2h ago
Just charge forward 👊
View OriginalReply0
  • Pinned