Bitcoin Market Analysis: On the 1-hour level trend structure, the previous rebound high around 60800 is a short-term strong resistance. The price has rebounded multiple times but faced resistance and pulled back, forming a downward oscillation structure; the key support below is 58000. Short-term bears are dominant, and the market is expected to test the 58000 support. Only by breaking and holding above 60800 with volume, surging above 62100, can the short-term weakness be reversed and open up room for a rebound.



Ethereum Market Analysis: On the 1-hour level trend structure, the price has broken down from a symmetrical triangle pattern. The upper pressure zone is 1610-1625 (the upper edge of the triangle, the confluence pressure of multiple trend lines); the lower support is 1552-1537. Only by holding above the 1610-1625 pressure zone can the short-term rebound continue; currently, the price has broken below two rebound trend lines, and the bears have regained control, continuing to test support downward.

Operation Suggestion: Bitcoin short near 59800-60300 on a rebound, stop loss 60800, target 58500-58000, break below look at 57200, if not broken, go long.

Ethereum Operation Suggestion: Short near 1610 on a rebound, stop loss 1637, target 1552, break below look at 1537-1517, if not broken, go long. (Strategy for reference only) #BTC #ETH
BTC-2.20%
ETH-1.12%
View Original
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