Reviewing the daytime market sentiment, Bitcoin hovered between 73,950 and 73,000, with a sudden surge by the bears in the evening, dropping all the way to the support level around 72,512. Subsequently, positive news sparked a bullish rebound, successfully breaking through the 74,000 level and reaching a high of around 74,514. Yesterday, the overall trend of Bitcoin was quite in line with expectations, mainly focusing on short-term positioning. The long position at 74,006 in the early morning was a quick spike to around 73,200, which was immediately swept away, mainly because the spike was too fast and urgent, leaving no room for reaction. Ultimately, there is still room for improvement, and the key is to adjust strategies in a timely manner, continuously refine one's concepts, and face each challenge with a positive attitude. Every loss is paving the way for more stable trading in the future.



Currently, looking at the market, after a series of consecutive downward days, the daily chart closed with a small positive candle, but the body is small with a short upper shadow, indicating weak rebound strength and no breakthrough of the previous high, with the downward channel still intact. On the four-hour chart, after touching the bottom at 72,512, the price stabilized and rebounded, closing with small positive candles, but each rebound faced selling pressure, indicating that the trend is still dominated by bears. Ethereum, linked to Bitcoin, is in a weak oscillating pattern on the daily chart, with shrinking volume, and short-term rebounds are unlikely to change the medium-term downward pressure.

Bitcoin can be shorted between 74,000 and 74,500, with a target around 72,500.
Ethereum can be shorted between 2040 and 2070, with #美伊谈判博弈 a target around 1950.
BTC-0.1%
ETH-0.77%
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
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned