Yesterday, the market experienced significant volatility, which likely put psychological pressure on many. Compared to the slow decline over the weekend, yesterday saw intense long-short competition with the market swinging back and forth. The 59,000 low failed to break through the long support, and the 60,000 mark was lost and then regained. After the US stock market closed, prices fluctuated sideways at a high level, hinting at the risk of a reversal.
Although the four-hour bullish candle was impressive, the long upper wick signal cannot be ignored. Repeated attempts to rally and then fall back indicate continued selling pressure at higher levels. Currently, the momentum for further upside is insufficient, with no sustained upward drive, and the market remains in a bottom-building and grinding phase. Stay calm and avoid being disrupted by short-term sharp fluctuations.
Idea
Bitcoin encountered resistance at 60,500 and stalled, allowing for a short position. Downside targets: 58,000, 54,500.
Ethereum follows a similar trend in the 1,600 range. Short targets: 1,500, 1,360.#Strategy拟回购股票涨超12%
Although the four-hour bullish candle was impressive, the long upper wick signal cannot be ignored. Repeated attempts to rally and then fall back indicate continued selling pressure at higher levels. Currently, the momentum for further upside is insufficient, with no sustained upward drive, and the market remains in a bottom-building and grinding phase. Stay calm and avoid being disrupted by short-term sharp fluctuations.
Idea
Bitcoin encountered resistance at 60,500 and stalled, allowing for a short position. Downside targets: 58,000, 54,500.
Ethereum follows a similar trend in the 1,600 range. Short targets: 1,500, 1,360.#Strategy拟回购股票涨超12%
