Ethereum was up by more than 10 points yesterday.


Impressive.
Bitcoin was a bit more sluggish—only up by a few points.
Continuous taking-profit feels great—it’s so comfortable you feel numb.
Yesterday, Bitcoin’s highest reached around 67,300.
Right at the monthly level, there was a large liquidation around 67,500.
This can be taken as strong resistance.
Ethereum reached 1,850, which is a strong resistance at the Ethereum daily chart’s central pivot zone.
As of now, 67,500 probably won’t be that easy to break through.
It should consolidate and adjust with some sideways movement.
Yesterday, US stock futures (Nasdaq) also reached the area near the previous high again.
US stocks also carry relatively higher risk.
So currently, it’s not recommended to chase longs.
If US stocks can break to new highs and then pull up from there, then the Bitcoin market can continue for a while.
If it can’t break through,
then Bitcoin will likely trade in a range around 65,000.
In summary, it’s not recommended to chase longs at the moment.
ETH3.02%
BTC0.48%
NAS1001.16%
View Original
post-image
post-image
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
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned