$ZHIPU After this leg of rally pushed up to around 277, a volume-backed pullback appeared within 4 hours. It has now returned to around 205, and the pace of the bulls has clearly cooled.



Next, the brothers at the main camp should focus on whether the 200—205 range can form effective support. If this turns out to be just normal stabilization and a sideways bounce after bottoming out, the market still has a chance to rebound toward around 220. Then look further at the resistance in the 230—235 area; but if the 200 integer level is broken to the downside on increased volume and closes consecutively below it, then this rebound structure is basically declared failed, and most likely it will keep searching for support around 190.

If you already have positions in profit, don’t rush to fully close them. You can first protect the gains, then decide whether to keep holding based on how price reacts around 200. The market is there every day—the only time it’s truly worth participating is during the segment with the clearest structure. $BTC $ETH #GateUS合规扩展佛罗里达
ZHIPU-15.58%
BTC2.57%
ETH2.88%
View Original
post-image
[The user has shared his/her trading data. Go to the App to view more.]
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