Last week's market review: Our short position strategies in the Bitcoin 96,500-97,000 range and Ethereum 3,320-3,350 range performed as expected, ultimately securing 2,000 points profit on Bitcoin and 100 points profit on Ethereum. Thanks to everyone who followed along.



From a candlestick perspective, Bitcoin's daily chart shows signs of stagnation, with a small bullish candle yesterday and the price holding above 9,500. However, the 4-hour chart warrants caution—if the 9,500 support level is effectively broken, the downside space will open up, with 9,380 becoming the second key level. Watch the 1-hour MA30 and MA60 convergence around 9,600 as a resistance zone; in the short term, the market is more likely to oscillate repeatedly.

Ethereum's situation is clearer. On the daily chart, the price hit a ceiling near the MA256 and lost momentum, indicating a failed bullish breakout. 3,400 is a major obstacle; without stabilizing above this level, upward momentum remains insufficient. On the 4-hour chart, support at 3,280 and resistance at 3,325 are the main references for recent trading.

Based on the current pattern, the follow-up ideas are as follows:

**Bitcoin**: Continue short around 96,000 → target 94,500; if broken, then aim for 93,500

**Ethereum**: Short around 3,330 → target 3,200; if broken, then look for 3,150

The crypto market has experienced several bull and bear cycles over the years. The biggest takeaway is that the market changes rapidly, and focusing solely on analysis can lead to tunnel vision. Experienced traders bounce ideas off each other and often see things more clearly. The market is like this, and so is trading.
ETH0,22%
BTC0,22%
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
  • 5
  • Repost
  • Share
Comment
0/400
VirtualRichDreamvip
· 6h ago
Damn, are you going to dump again? Can I catch a breath this week?
View OriginalReply0
AirdropHunterKingvip
· 10h ago
Oh man, this short position was really perfect. Brothers who entered short at 96500 should have made a profit. But speaking of which, if it can't break 94500 later, I will have to switch to long. The crypto world is so unpredictable; what was true yesterday is now just nonsense. I'm a bit worried about ETH. It's hard to say whether it can hold at the 3150 level. Those holding coins should be a bit cautious.
View OriginalReply0
DeFiGraylingvip
· 10h ago
Both short positions and support/resistance levels again. Watching this kind of operation every day really leads to some aesthetic fatigue... But a profit of 2000 points is indeed impressive, I respect that.
View OriginalReply0
gas_fee_therapistvip
· 10h ago
Made another profit, the 2000-point ratio is pretty good. But if this downward trend continues, it's hard to say whether 93,500 can hold. The Russians are also frantically buying the dip.
View OriginalReply0
Ser_This_Is_A_Casinovip
· 10h ago
Another short squeeze, okay. I was wondering why I got liquidated yesterday. It seems like those going long are all going to get beaten up. Keep shorting around 96,000, betting that breaking below 94,500 might happen. Feels like the probability is pretty high.
View OriginalReply0
  • Pin

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