This week, BTC/ETH remain in a wide-range consolidation.
It has to be said that the market makers are becoming increasingly blatant; the market swings back and forth by thousands of points every day, seemingly creating many opportunities. From the perspective of the price structure, large short-term moves are completed in a single candlestick, leaving little time to react!
To be honest, the long position I tried to set up at midday was missed, and getting in halfway didn’t provide enough room for profit. The current market is simply wide-range consolidation without a clear direction, so both long and short positions have opportunities. When the market weakened in the evening, I promptly entered a short at the current price, which is obviously more suitable under these conditions!
BTC Short-term, it's showing some weakness on the smaller timeframes. It depends on the strength of the overnight rebound; watch resistance at 9100. If it breaks and holds above this level, the short-term pullback can be considered over. If it fails to break and hold, enter a short on the right side. Support below is at 8890-8760, and you can try setting up a long position at 8890.
ETH Relatively stronger, but on the hourly chart it broke below the middle band. For the overnight rebound, watch resistance at 3135. If it fails to break through, enter a short on the right side. On the downside, target support at 3087-3026-2978; consider setting up a long position at 3026. #美联储降息预测
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This week, BTC/ETH remain in a wide-range consolidation.
It has to be said that the market makers are becoming increasingly blatant; the market swings back and forth by thousands of points every day, seemingly creating many opportunities. From the perspective of the price structure, large short-term moves are completed in a single candlestick, leaving little time to react!
To be honest, the long position I tried to set up at midday was missed, and getting in halfway didn’t provide enough room for profit. The current market is simply wide-range consolidation without a clear direction, so both long and short positions have opportunities. When the market weakened in the evening, I promptly entered a short at the current price, which is obviously more suitable under these conditions!
BTC
Short-term, it's showing some weakness on the smaller timeframes. It depends on the strength of the overnight rebound; watch resistance at 9100. If it breaks and holds above this level, the short-term pullback can be considered over. If it fails to break and hold, enter a short on the right side. Support below is at 8890-8760, and you can try setting up a long position at 8890.
ETH
Relatively stronger, but on the hourly chart it broke below the middle band. For the overnight rebound, watch resistance at 3135. If it fails to break through, enter a short on the right side. On the downside, target support at 3087-3026-2978; consider setting up a long position at 3026.
#美联储降息预测