After a day of volatile consolidation, $BTC BTC has not been able to continue rebounding upwards, indicating that the current resistance is still significant, and the rebound is not strong enough.
👉Intraday market: $BTC Yesterday saw a wide range of fluctuations, encountering resistance at the pressure level and falling back, ultimately failing to break through. The daily line closed with a reduced volume bearish candle. If it cannot rise above this level, it may continue to oscillate sideways before a direction emerges. So far this week's market has indeed not been very participative, with significant fluctuations occurring mainly during the US trading session; it's advisable to observe during other times. Currently, the rebound has not been sustained, and this recent spike may just be a short-covering by bears. Pay attention to whether the rebound volume can continue; once weak signals appear, you can consider positioning short orders. During the day, focus on the support level at 86000 and the first resistance level at 89000 for BTC. The Rebound of $ETH appears to be strong, with the daily line closing with a long lower shadow star line, and the trading volume surpassing BTC. Today's market is very important for future trends; if it breaks through, then there will be significant bullish opportunities ahead, otherwise, the bears will continue to play their tune and dance. Focus on the support level at 2870 and the first resistance level at 3000 during the day. Order suggestion: The overall thinking is to mainly take long positions at low levels! BTC: Long position: Buy on a pullback near 86000 without breaking it, target: 90000, stop loss: 85400; Short position: 89000, target: 86000, stop loss: above 90000. ETH: Long Position: Enter long if it retraces to around 2870 without breaking, target 3000, stop loss: below 2850; Short Position: Open short if it doesn't hold above 3000, target: 2800, stop loss above 3050.
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.
After a day of volatile consolidation, $BTC BTC has not been able to continue rebounding upwards, indicating that the current resistance is still significant, and the rebound is not strong enough.
👉Intraday market:
$BTC Yesterday saw a wide range of fluctuations, encountering resistance at the pressure level and falling back, ultimately failing to break through. The daily line closed with a reduced volume bearish candle. If it cannot rise above this level, it may continue to oscillate sideways before a direction emerges. So far this week's market has indeed not been very participative, with significant fluctuations occurring mainly during the US trading session; it's advisable to observe during other times. Currently, the rebound has not been sustained, and this recent spike may just be a short-covering by bears. Pay attention to whether the rebound volume can continue; once weak signals appear, you can consider positioning short orders. During the day, focus on the support level at 86000 and the first resistance level at 89000 for BTC.
The Rebound of $ETH appears to be strong, with the daily line closing with a long lower shadow star line, and the trading volume surpassing BTC. Today's market is very important for future trends; if it breaks through, then there will be significant bullish opportunities ahead, otherwise, the bears will continue to play their tune and dance. Focus on the support level at 2870 and the first resistance level at 3000 during the day.
Order suggestion: The overall thinking is to mainly take long positions at low levels!
BTC: Long position: Buy on a pullback near 86000 without breaking it, target: 90000, stop loss: 85400; Short position: 89000, target: 86000, stop loss: above 90000.
ETH: Long Position: Enter long if it retraces to around 2870 without breaking, target 3000, stop loss: below 2850; Short Position: Open short if it doesn't hold above 3000, target: 2800, stop loss above 3050.