Tuesday, the rebound comes to a halt, still need to be cautious



Yesterday, under the influence of major positive news, Bitcoin was pushed up to the 67,200 region, and our 66,000 short position was trapped all night. It has now been unwound. Currently, it appears that the bulls have reached a temporary standstill; logically, it still needs to be shorted.

The daily chart shows three consecutive bullish candles turning bearish for correction. 66,000 will be the key support and resistance level today. The market continued to face pressure and decline in the early session, and there may be further downside movements within the day. So, it's still not advisable to chase highs. Focus on the Federal Reserve rate decision the day after tomorrow; until then, avoid chasing and be cautious step by step.

Bitcoin is recommended to short in the 66,300-66,800 range, with a target of 65,000. If not broken, consider reversing to long. Ethereum follows the same logic, with a short in the 1,810-1,790 range, targeting 1,710 first. If not broken, then go long. #我的Gate交易时刻
BTC0.37%
ETH2.58%
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Mr.MaInTheCryptocurr
· 2h ago
Go all-in on a short position
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Mr.MaInTheCryptocurr
· 2h ago
Leave it empty
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