At noon today, the market bounced after hitting the bottom—this 1-hour timeframe move is basically done too. If there’s nothing more, don’t go chasing. Today, first watch the high from the early-morning session: if that high can’t be broken, it will likely pull back (you can take a light short). If it pulls back, look to go long around the low area of the morning wick-poke. If the high breaks, that’s a new leg of上涨, then go place batch shorts into the overhead resistance levels.



For BTC today, pay attention to 63,600. As long as it doesn’t break the bottom of this 4-hour sideways range, the smaller timeframe will still keep rebounding. First look at the top of the sideways range at 64,600. As long as the top and bottom aren’t broken, it will continue to range; if it breaks through the top, then watch 65,800. 67,200.

If today breaks below the bottom of the sideways range at 63,600, then it will likely pull back deeply. Downside targets are 62,500. 61,500.

For ETH today, pay attention to 1,780. As long as it doesn’t break this level, the bulls remain strong and will keep pushing up. Overhead, first watch the previous high at 1,830. If it can’t break, it will still pull back on the smaller timeframe. If it breaks through, then targets are 1,880. 1,930.

Today only if it breaks below 1,780 will the 4-hour timeframe start a correction; then downside targets are 1,750. 1,715.
BTC-2.24%
ETH-1.85%
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