Market News | Daily Main Token Trends Overview
The article is reprinted from the daily market overview of W-Strategy who is a guest streamer of Gate.io, a senior strategy analyst of cryptocurrency, and the founder of Wcollege. The article will analyze daily main token trends, short-term strategies, and long-term strategies for you in 3 minutes.
*The article is the original content of W-Strategy. Gate.io is only for reprint and distribution, and the copyright belongs to the author himself.
BTC
Concise Commentary: The overall bearish signals are evident. Conservative short positions should be established at the support of $28,535 and held until the target of $26,636. There might be significant negative news in the market recently, and if the price doesn’t recover above the $29.5K level this month, the bullish trend for the year might come to an end.
ETH
Concise Commentary: Yesterday, the conservative short strategy suggested entering short positions if the price falls below $1,815. The target remains at the lower level of $1,755. Short-term gains can be captured using Fibonacci retracement levels from the lower positions, and profits should be taken if there’s a rebound at the upper resistance level. The expectation is for the price to continue a gradual decline and test support levels.
BCH
Concise Commentary: In yesterday’s live session, the conservative short strategy advised entering short positions if the price falls below $225.23. The target remains at the lower level of $210.83. The lowest short-term reported price was $200.43. It is suggested to take profits from short positions, and a short-term corrective trend might emerge with upper resistance at $210.83.
SEI
Concise Commentary: Yesterday’s strategy was positioned just below the resistance at $0.1970. Subsequently, a trend of upward movement began, reaching the target levels of $0.2222 and $0.2630. For the short term, it’s advised to watch and wait. Support levels are at $0.1979, $0.1818, and $0.1668, with attention on whether a bottom will be broken.
CYBER
Concise Commentary: Since the opening, the price started at $17.848 and the lower positions were established at $4.420 yesterday. The rebound reached the upper target of $5.307. It’s difficult for the short term to pull back to the $4.420 level. Short positions could be initiated if the bottom is broken, with subsequent targets at $4.10, $3.935, and $3.783.
UNIBOT
Concise Commentary: For the past two weeks, positions were established at lower levels, with targets of $213.81 and $234.58 reached before a subsequent market decline. The price briefly touched $160, indicating profit-taking by holding users at the higher levels. Hot money has left, and it’s advised to wait and observe after taking profits from higher levels.
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