Bitcoin and Ethereum remain within a range with overall sideways movement. The bulls and bears are repeatedly fighting but have yet to establish a clear trend. Bitcoin's intraday price action revolves around the 66,000–68,300 range. After a morning dip to around 65,900, it stabilized and rebounded, then oscillated upward to test near 68,300 but failed to break through decisively. Resistance is evident above, and the market has again fallen back into consolidation; multiple attempts to test the lower and middle parts of the range throughout the afternoon and evening have been met with recovery, showing a repeated tug-of-war structure. Ethereum moves in sync, with an intraday low around 2010 and a high above 2100. Multiple tests of the 2100 level have failed to hold, indicating persistent resistance. The overall strategy today is clearly to focus on short positions at higher levels, relying on key resistance zones to set up short entries. The repeated failed attempts to push higher confirm the effectiveness of this approach, and trading with the trend has offered good profit potential. The market never rewards those who hesitate; only those who dare to act and operate strictly according to discipline can truly succeed.



From the current structure perspective, after this sudden surge of bullish volume in the short term, Bitcoin still trades within a 4-hour oscillation range. The 68,000–68,500 zone is a confluence of previous highs and dense trading areas, with strong resistance. Until a volume breakout and stabilization above this zone occur, a sustained upward trend is unlikely. The key support below is at 66,500–67,000; a decisive break below would shift the structure from consolidation to weakness, opening further downside space. For Ethereum, the 2100–2120 zone also acts as a clear resistance band. Multiple failed tests indicate ample selling pressure, while the 2035–2050 range provides temporary support. Momentum indicators like RSI are in a neutral to slightly strong zone but do not show trend resonance, suggesting that rebounds are more about correction than reversal. Based on the structural and momentum resonance analysis, it is advisable to consider short positions from current high levels. Conservative traders can look for signs of weakening or stagnation to gradually establish shorts, targeting the middle range and lower support levels. Until a decisive breakout above key resistance occurs, the high short strategy remains valid.
BTC3,21%
View Original
post-image
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
  • Pin