$BTC $ETH Bitcoin's daytime strategy is mainly to short on rebounds, be cautious about chasing longs! The upper band of the Bollinger Bands is acting as resistance, and the price has fallen back to hover near the middle band. MA7 and MA30 are beginning to converge, indicating diminishing short-term momentum. Although MACD remains above the zero line, the red histogram is shrinking, suggesting that the bullish momentum is weakening. The upward movement is more of a correction rather than a trend reversal.
Bitcoin: Short around 68,500 Targets: 67,500-66,500-65,000 Stop loss: 69,300
Ethereum: Short around 2,070 Targets: 2,040-2,010-1,980 Stop loss: 2,100
The decline last night was a technical correction rather than a trend reversal. In trading, take light positions and enter in batches, giving room for rebounds before re-entering. Don't rush to take the first shot; wait for confirmation signals before acting. When the correction ends, bears often make a second push. Managing position size is more important than the direction. #加密市场反弹
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$BTC $ETH Bitcoin's daytime strategy is mainly to short on rebounds, be cautious about chasing longs! The upper band of the Bollinger Bands is acting as resistance, and the price has fallen back to hover near the middle band. MA7 and MA30 are beginning to converge, indicating diminishing short-term momentum. Although MACD remains above the zero line, the red histogram is shrinking, suggesting that the bullish momentum is weakening. The upward movement is more of a correction rather than a trend reversal.
Bitcoin: Short around 68,500
Targets: 67,500-66,500-65,000
Stop loss: 69,300
Ethereum: Short around 2,070
Targets: 2,040-2,010-1,980
Stop loss: 2,100
The decline last night was a technical correction rather than a trend reversal. In trading, take light positions and enter in batches, giving room for rebounds before re-entering. Don't rush to take the first shot; wait for confirmation signals before acting. When the correction ends, bears often make a second push. Managing position size is more important than the direction. #加密市场反弹