Based on the recent market fluctuations, each key resistance level has shown a clear pullback phenomenon, which also validates the previous judgment that resistance is mainly a pullback. The current market trend indeed creates opportunities for short positions.



Regarding Ethereum, starting from a short at 3189, there have already been quite a few gains. Additional positions can be added at 3258 and 3305, with a stop at 3340. If a pullback occurs, aggressive long opportunities are at 3135, while conservative traders can wait for lower support levels, such as around 3096 and 3063, with a final stop below 3050.

The logic for Bitcoin is similar. All resistance levels have also confirmed pullbacks. The current strategy is mainly to take small short positions; chasing longs is not recommended. Additional entries can be considered at 94500, with a stop-loss at 95000. For aggressive long entries after a pullback, look at 91800, while conservative traders can wait for confirmation at support levels 91288 and 90300. The final stop is below 89500.

An important reminder: during pullbacks, the main approach should still be to focus on long positions. From the daily chart perspective, the bullish trend remains intact, which is the overall context for our operations.
ETH6,71%
BTC4,37%
View Original
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
  • 7
  • Repost
  • Share
Comment
0/400
ChainDoctorvip
· 4h ago
Yeah, this round actually has some substance. The resistance levels are being broken one by one. Brothers who shorted at 3189 should be smiling, but in the end, we still need the bulls to confirm.
View OriginalReply0
RektRecoveryvip
· 7h ago
ngl, another "i called the dip" post... classic pattern recognition theater. you nailed the pullback but let's see if those support levels actually hold or if we're in for another one of those "oopsie moments" 🤔
Reply0
SleepyValidatorvip
· 7h ago
The resistance levels have indeed fallen one by one, and my short positions are laughing happily.
View OriginalReply0
LiquidationOraclevip
· 7h ago
Panic buying this set of logic is indeed effective, but it's easy to chase highs and get cut. This move from 3189 shorting feels really good, but I still think it doesn't need to be so complicated; being simple and straightforward might last longer. On the BTC side, I always feel the stop-loss is set too tight, only a 500-point buffer from 94500 to 95000, is that psychological preparation enough? Wait, wasn't the bullish trend supposed to be confirmed? Why are you entering short positions with small positions again? That's a bit contradictory. Steady trading sounds great, but in reality, it's just waiting to get trapped.
View OriginalReply0
PermabullPetevip
· 7h ago
Bro, the recent pullback at the resistance level is really intense. I've been confident in this approach for a while. It's the same familiar setup—bears eat the meat, bulls drink the soup. It all depends on who can hold on. Those who entered at 3189 should be laughing their heads off. I also took a small position on my side. The bullish trend is still there, I love hearing that. But in the end, it still depends on confirming the bottom. Wait a minute, can 3050 really hold? It feels like this time it might be a bit risky.
View OriginalReply0
VibesOverChartsvip
· 7h ago
The resistance levels are indeed all falling, it looks like the bears are a bit fierce, but as long as the daily chart remains bullish, I won't panic. Oh, it's that same logic of resistance and pullback again, feels like I say this every time? I've already taken profit on the short at 3189, but I still prefer to wait for 3135 or lower before entering again, for more stability. I agree with a light position short on Bitcoin; chasing longs is indeed easy to get caught out, so I’ll wait for support confirmation first. Honestly, this kind of market just keeps messing with people, feels like no matter how I operate, it's wrong. The daily bullish pattern is still holding, but I'm worried that a black swan could break the pattern directly, and then no one can save it.
View OriginalReply0
EntryPositionAnalystvip
· 8h ago
A quick dip under pressure for a pullback, such an old trick, and some still believe it. --- Reasonable, let's see if we can catch the 3096 level before jumping in. --- Entering short with a light position sounds good, but I'm just worried that a turn might bring another big bullish candle. --- So many layers of support, it feels like just leaving an escape route for yourself. --- The daily chart is still bullish... then why be so cautious about shorting? It seems a bit contradictory. --- I like the 3050 support level, remember that for me. --- It's the same old story of resistance and support levels; no matter how the market moves, there's always an excuse.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)