Let's talk about the current market trend. On the 15-minute chart, after a strong rally to a high level, it's clearly unable to push further. The price hit the upper resistance and directly pulled back. Volume increased during the rally but decreased during the pullback, indicating a lack of follow-through capital.



Adding to that, the Fed's latest news dashed expectations of near-term easing. The macro environment is suppressing the market, so this rally lacks staying power. Don't blindly chase highs; a consolidation or pullback is likely.

Short BTC around 60200, target 58000.
Short ETH around 1630, target 1500.
BTC0.31%
ETH0.53%
View Original
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