Don’t chase at the highs—go short only after it breaks down!


$BTC is still relatively bullish, but right now it’s consolidating in a high range.
The reason I don’t chase longs is simple: this move is a volume-less rally, and going long has become too consensus. So chasing higher prices has poor cost-effectiveness.
Here are the two levels I’m watching:
Support: 61800-61000. If it holds, the move can still continue; if it breaks, it will likely test around 57700.
Resistance: 65000-65500. There’s heavy sell-side pressure near 65148. If it pushes up to here, I’m more inclined to short.
$ETH is just a correction; we still need to wait for a pullback to confirm.
#盘前合约上线长鑫存储 #沃什称AI是否引发通胀取决于美联储
BTC-1.15%
ETH0.15%
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