BTC Morning Outlook



After the price surged and faced pressure, it continued to fall. In the short term, bearish momentum has clearly been released. The market has moved into a step-by-step downtrend, with the Bollinger Bands turning downward. The weakness on the chart is clear.

Overhead sell pressure keeps increasing. Do not blindly catch the bottom and go long in the short term, and avoid getting trapped in a falling continuation. The prudent approach is to focus on setting up positions in line with the trend during pullback rejection—wait for a minor rebound that meets resistance before entering. Keep position size light throughout and manage risk with strict controls to avoid the washout risk caused by repeated market choppiness. Be patient and wait for the lower support area to stabilize before adjusting the plan.

Trading Recommendations

BTC: Plan in the 65000-65500 range, target 64300, breakout to 63800

ETH: Plan in the 1950-1910 range, target 1870, breakout to 1820
#BTC #ETH
BTC-0.79%
ETH0.64%
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