7.8 Square Pear Morning Analysis:


After an early morning surge to 6.4w, it faced resistance and began to pull back. From the 4-hour weekly chart, 6.4w and 1.8k remain strong resistance levels with the moving averages suppressing price action. There has been no sign of sustained upward momentum after this rebound.
Additionally, daytime volatility is relatively low, with the market oscillating in a range. During the day, we will continue to take short positions.

Trading strategy:
BTC: Go short on a rebound to 6.38w-6.42w, target 6.3w-6.22w

ETH: Go short on a rebound to 1810-1790, target 1750-1710
$BTC $ETH
BTC-0.28%
ETH-0.77%
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ThePatienceRequiredFor
· 4h ago
Followed—have an empty order near 6.4 for the big coin. Set the stop loss at 6.45, and first look at 6.25 for the target.
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GateUser-517aed04
· 4h ago
That 6.4w resistance level is really grindy. During the day, it’s mainly a choppy, range-bound market—going short is the main approach, no problem. Just wait until the volatility picks up at night, then reassess.
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