Gu Jingci: Bitcoin/Ethereum surged again in the evening at 7.5, and the market will likely see a further sharp drop


Bitcoin/Ethereum surged again in the evening, just reaching around 63,000 for Bitcoin and around 1,800 for Ethereum. If friends who didn’t exit the pull-up short positions we had laid out earlier—unfortunately—were forced to exit with only a small loss. When the market is at a position like this, it’s very worthwhile to risk a small loss to catch a pullback decline. After the current rally, prices remain elevated and the overall trend is relatively strong. However, earlier, there was strong resistance in the Bitcoin range of 63,500 to 64,000 and around Ethereum’s 1,850 high. First, the area around 63,500 for Bitcoin is also an important previous top-and-bottom transition zone. Don’t chase longs when price is approaching this level. As for Ethereum, it has surged multiple times in the short term, and the potential room for a subsequent pullback will be relatively larger. The situation outside the market is also not good; once the trend deteriorates again, there will be an even larger drop.
Overnight trading suggestion: Go short on Bitcoin near 63,000 to 63,500, targeting 61,000 to 62,000; go short on Ethereum near 1,790 to 1,810, targeting 1,680 to 1,720.
#gStocks代币化股票上线 #非农爆冷打压加息预期 #预测世界杯巴西VS挪威
BTC0.72%
ETH0.41%
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