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Today's market outlook and strategy: full warning to be bearish! In the evening, the bears continued to exert pressure, with Bitcoin breaking below the 63,000 level, touching a low of 62,650. Ethereum also broke below the 1,700 mark simultaneously. The bearish trend is accelerating. The downward momentum is strong, with four-hour candles continuously closing lower, K-lines moving along the lower band, showing no signs of stopping the decline. The daily chart remains bearish with consecutive downward candles, clearly indicating a bearish trend.
In terms of operations, partial profit-taking on short positions is recommended. Those who haven't entered the market should wait for a rebound to short, avoiding bottom-fishing. Once the trend is established, it won't end easily.
BTC: Short in the 63,200-63,400 range, target 62,000
ETH: Short in the 1,700-1,710 range, target 1,650
#我的Gate交易时刻 $BTC $ETH