The weekend market went smoothly, and overall the price of coins moved sideways with some tugging. Yesterday afternoon, the price began to fluctuate downward with sideways tension, and the lows continued to be pushed lower. This morning, the downward trend accelerated again, with Bitcoin breaking below 66,000 and Ethereum approaching 1900. On Monday morning, the price continued its previous downward trend. The weekend's strategy was also shared in advance, and the market movement has largely aligned with my earlier expectations. A new week begins, and I will continue to work hard. Friends who want to quickly get out of the current predicament can follow our ideas and rhythm directly. In the crypto world, you must always believe that choosing is always greater than effort.


Looking at Bitcoin on the four-hour chart, the price shows alternating small bearish and bullish candles, forming a slow sideways downward trend. The current market is still dominated by bears, and the continuous lower lows further extend the previous downtrend. The Bollinger Bands are opening downward, indicating continued downward pressure. If there is no strong bullish catalyst, the current downward trend will likely continue further. Pay close attention to the movement of the US stock market tonight. In the short-term hourly chart, the price has been moving in a pattern of small consecutive bearish candles followed by minor bullish corrections, with a slow downward tug. After significant retracements, there has been no strong rebound, but rather a consolidation at low levels with lows still being pushed lower. The bullish momentum is continuously shrinking. The short-term outlook remains bearish, and shorting on rebounds is recommended.
Bitcoin around 66,600 is a good short entry, with attention around 65,000. Ethereum around 1965 is a good short entry, with attention around 1890.
#加密市场小幅下跌 #原油价格飙升 #币圈生存指南
SOL5,09%
ETH4,13%
BTC3,02%
View Original
post-image
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
0/400
No comments
  • Pin