Breaking through the 660 level again: it looks strong, but it rises as slowly as a “snail.” This kind of price action often means the bulls’ momentum is being overdrawn—at this time, the risk of chasing is far greater than the potential reward.



Trade “Silk Road”:
It’s recommended to reverse and do the “Kong,” gambling on a pullback.

BTC range: 66,800 - 67,200
Target entry: 65,500-65,300

ETH range: 1,960-1,980
Target entry: 1,900-1,880
#比特币 #币圈
BTC1.76%
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
  • 3
  • Repost
  • Share
Comment
Add a comment
Add a comment
Mint-FlavoredGasFee
· 10h ago
A slow rise really does look like bull traps, but I think it’s still safer to wait for a breakdown before chasing a short.
View OriginalReply0
LeverageEcho
· 10h ago
Brother, the thinking is clear, and I’ve already coordinated with Kong.
View OriginalReply0
DividendHunter
· 11h ago
A “snail” rally is likely distribution (a sell-off), but around 660 the long/short battle is fierce. Consider taking a light position and using a stop-loss. For the second setup, the 1960 short target is safer if you first look at 1930.
View OriginalReply0
  • Pinned