Morning Analysis


Looking at the full-cycle candlestick structure, the market highs are gradually moving downward, with all cycle moving averages turning down simultaneously, forming layers of resistance; the Bollinger Bands continue to open downward, and the MACD double lines remain below the zero axis with a dead cross bearish pattern. Each rebound touches the moving average resistance and quickly drops, and so far, there are no signs of bottoming or trend reversal signals, with the bearish structure fully continuing.
Trading Suggestions
Bitcoin around 63,500-63,800 to establish short positions, target around 61,500-62,000
Ethereum around 1,730-1,750 to establish short positions, target around 1,670-1,650$BTC $ETH #我的Gate交易时刻
BTC-2.43%
ETH-2.26%
View Original
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