In the short term, the price of Bitcoin has been oscillating in this low range, bouncing up and down, creating a false impression and slowly shaking the firm mindset. Now is a critical period for maintaining a firm mindset; one must not be misled.
In the 4-hour structural chart, although there is short-term support holding at the bottom, the overall trend is just continuously testing the lower support without showing a strong rebound after the tests. This indicates that the overall market buying momentum is not very strong; there are no long-term holders, and buying is primarily based on short-term strategies after testing the bottom, making it difficult to maintain a sustained upward movement in the coin price. Therefore, the market outlook still maintains a bearish direction.
First support below: 83700, second support: 80600
First resistance above: 90500, second resistance: 92600, third resistance: 94500
Today's strategy
Short on Bitcoin when it rebounds to the 88800-89500 range, targeting 84500-83700.
Short on Ethereum when it rebounds to the 3000-3040 range, targeting 2880-2830.
#巨鲸动向 #ETH走势分析 #加密市场观察 $BTC $ETH
