Ethereum can be clearly seen from the daily chart that after the price dips to around 1503 and bottoms out, it begins to recover and rebound.


The highest point of the rebound is at 1848, forming a resistance level.
Whenever the price rises to this vicinity, it starts to face resistance and falls back.
From the trend lines drawn on the four-hour chart, it becomes even clearer.
After reaching a peak at 1848, the price forms a series of lower highs and lower lows, indicating a standard downward channel.
The 1760 level below is the starting platform for this round of rebound.
Once the body closes below it, the downward space will open directly.

It is recommended to enter short positions around 1800-1810, targeting around 1770-1720.

Bitcoin continues to close with bullish candles.
After surging to around 67,000 yesterday, it failed to continue rising, closing as a small doji star.
The entire day maintained a narrow range of sideways decline and fluctuation.
Below 64,500 is the key dividing line between bulls and bears, and also the central pivot for this round of rally.
If the four-hour body closes below 64,500, the bears will directly trigger a second downward move.
Meanwhile, on the hourly chart, the decline shows a grinding pattern, with bulls unable to mount a counterattack.
In terms of operation, it is recommended to short on rallies around 65,900-66,400, targeting around 65,400-64,600.
A break below 64,500 indicates further downside.

Market changes rapidly; strategies are for reference only.
Use stop-loss and take-profit orders properly.
ETH-0.09%
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