$BTC $ETH Ethereum 1890 faces pressure and turns to fall again—will the downtrend continue? Sharing the latest trading playbook for Bitcoin
After Ethereum failed to push higher following the attack on the key resistance at 1890, the market has clearly reversed and started falling. Many people are wondering how much further the price could drop. Combined with the repeatedly pressured order book for Bitcoin, here’s a complete breakdown of the current market logic.
First, look at Bitcoin’s price action: it once again rises into resistance and then falls back. This is already the fourth attempt to break through the 64,500-65,000 resistance zone, and the signal is more bearish. In a normal strong trend, a breakout typically only needs 1-2 tests; being continuously rejected four times has sharply weakened the upside momentum of the bulls.
The daily MACD indicator is about to form a death cross. Bullish momentum continues to fade. If this week still cannot break upward, once the death cross is confirmed, the market is likely to start a deeper pullback. I will keep a real-time watch on the order book; when a trend reversal happens, I will sync the signals immediately. For those holding spot positions steadily, you can consider reducing exposure in batches at higher prices to hedge risk.
Bitcoin’s short-term range of consolidation is clear: support is at 63,000, and resistance is at 65,000. Bulls and bears have probed these levels multiple times, and the probability of a breakdown keeps rising. Aggressive traders can take a small position to bet on a swing within the range. The profit space from range volatility near 2,000 points is attractive, and risk control is key—set tight stop-losses on minor breakdowns.
Ethereum is weakening in sync. Key support is at 1,810. On the upside, there are two resistance levels: 1,890 and 1,940. Going forward, the focus is to watch whether support holds or breaks to judge the strength of the continued selloff