Happy weekend! Babes, Bitcoin daily chart has clearly released a downward signal, with a long lower shadow K-line confirming entry into a high-level consolidation and convergence zone.
The early morning surge failed to effectively break through the previous high, and the 4-hour chart's rebound from the bottom is difficult to reverse the sluggish daytime trading momentum; within the pullback and surge structure since yesterday, rebound strength continues to weaken.
Volume and price structure shows bulls' momentum is exhausted, operation suggestion is mainly short at high levels and supplementary long at low levels, deploying short positions based on key resistance levels.
Operation Suggestions
Bitcoin: Short in the 90800-91300 range, target 89000 Ethereum: Short in the 3100-3150 range, target 3050-3000
1.10 Jingyi Operation Analysis
Happy weekend! Babes, Bitcoin daily chart has clearly released a downward signal, with a long lower shadow K-line confirming entry into a high-level consolidation and convergence zone.
The early morning surge failed to effectively break through the previous high, and the 4-hour chart's rebound from the bottom is difficult to reverse the sluggish daytime trading momentum; within the pullback and surge structure since yesterday, rebound strength continues to weaken.
Volume and price structure shows bulls' momentum is exhausted, operation suggestion is mainly short at high levels and supplementary long at low levels, deploying short positions based on key resistance levels.
Operation Suggestions
Bitcoin: Short in the 90800-91300 range, target 89000
Ethereum: Short in the 3100-3150 range, target 3050-3000
#GateFun马勒戈币暴涨1251.09%