Post Sitemap
Yesterday's market hit a low of 57093 and began to oscillate upwards in the afternoon. There were two small rallies yesterday, with the highest reaching 58783 in the evening. Our short order layout last night also made a small profit. In the early morning, there was another sharp rise, breaking through the 59000 mark, reaching a high of 59258. After our short order exited yesterday, we followed the trend and laid out long orders, both of which were successful. The market rallied again at noon, reaching a high of 59790, just a step away from the 60,000 mark. However, longs did not continue but instead experienced a slight decline. After reaching a high of 2564 in the early morning, ETH trended in the opposite direction to BTC. BTC showed a slow upward trend after reaching a high, while ETH showed a slow downward trend. The current market is once again experiencing a decline.
From the perspective of the short-term structure, we cannot be bullish today, and we must adhere to the principle of 'no Rebound, no establishment.' The upper resistance is at 60500, if it is not broken, we will not chase rising prices. The early session has already had a pullback, and the key is the continuation in the afternoon. If it fails to rise, the short positions support at 57000 from a technical perspective, and this level should be tested. The strength of Ethereum is not very strong, and it has been moving based on BTC signals recently. Overall, the long positions have not provided much continuation. We will focus on short positions for the day. Specific focus will be on short positions.
Operation Suggestion
Short BTC59800-59600, target 58500
Short ETH2570-2550, target 2480#BTC##GateioInto11##ContentStar##BOME##SLERF# #BTC# Support and Resist
Scale 1 (daily update)
Resist 3 --> 60.858
Resist 2 --> 59,972
Resist 1 --> 59,425
Pivot --> 58,539
Support 1 -->57,653
Support 2 --> 57,105
Support 3 --> 56,219
Scale 2 (weekly update)
Resist 3 --> 66,948
Resist 2 --> 64,147
Resist 1 --> 62,416
Pivot --> 59,615
Support 1 --> 55,084
Support 3 --> 52,282
#GateioInto11#