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7.2 Early Morning BTC/ETH Market Analysis
Bitcoin continued its downward volatility in the evening, currently trading around 60100, with short-term bears still in control. Focus on the 59600-59300 support zone below. Without re-holding above the upper resistance, the overall strategy remains shorting on bounces.
BTC Trading Strategy:
On rebounds, consider shorting near the 60250-60450 resistance area, with initial targets at 59600-59300. If the price stabilizes below, adjust the strategy based on the rebound strength—avoid chasing shorts at lower levels.
ETH Trading Strategy:
Expected to follow BTC's movement. Focus on the 1590-1570 support zone below. If a rebound occurs after a pullback and stabilization, watch the 1635-1655 resistance area. If resistance holds, continue shorting with initial targets at 1590-1570. If broken, further downside is expected.
Early Morning Outlook:
The overall rhythm remains bearish. Patiently wait for rebounds to enter positions, manage position sizes well, trade quickly in and out, and avoid blindly chasing trades.
#Sharplink增持1万枚ETH #$BTC $ETH