In the morning, BTC pumped up to 64,400 and faced resistance before falling back. In the afternoon, it slid to 62,400 with a slight rebound. In the evening, U.S. stocks fell, pulling the crypto price to break below the 62,000 level again. The earlier rebound sell-high idea has been fully played out.



From the current chart, the four-hour price has broken below the Bollinger middle band and is running close to the lower band. The channel is opening downward, and a one-direction pullback trend has been established. Hitting the middle band during a rebound is a high-quality shorting position. MACD keeps declining, with ample bearish momentum; KDJ is in the low zone, so only brief oversold-rebound repairs are likely, making a reversal difficult. On the one-hour timeframe, it keeps drifting down; any small rise is more likely to be a bull trap, as buy-side demand is weak. The sharp drop in U.S. tech stocks has weighed on market risk appetite. The crypto market lacks positive catalysts, so trading should still focus on shorting in line with the trend.

For BTC: short around 63,000–63,500, looking down to 61,800–61,000. If it breaks below, then follow through to target the 60,000 level.
For ETH: short around 1,780–1,810, looking down to 1,730–1,650#PreIPOs第二期OpenAI认购 $BTC $ETH
BTC-2.91%
ETH-3.04%
View Original
post-image
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