The weekend market overall showed a volatile state, and short-term Technical Analysis indicates a rebound expectation in the market, but it faces two-way pressure, with both bullish and bearish forces in a stalemate.



Technical Analysis indicates that the bears currently have the upper hand, with the market showing a weak trend. It is expected that the market may continue to oscillate in the future, with the risk of further downward adjustments. The doji pattern appearing on the candlestick chart suggests a possible trend reversal, but at the same time, the black three soldiers pattern reinforces the signal of a short-term downward trend, resulting in contradictory characteristics in market indicators.

In terms of the KDJ indicator, all three lines are positioned in the lower region and maintain a downward trend, with the green energy bars strengthening, indicating that the market's bearish forces are clearly dominant.

Bitcoin's price range is facing selling pressure around 16500-17500, with support targets looking towards 104100 and below. Ethereum is facing pressure in the 2580-2650 range, with support levels in the 2500-2450 range. Market participants should closely monitor the performance of these key price ranges and manage risk appropriately.
BTC-0.12%
ETH0.08%
View Original
post-image
post-image
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
  • 9
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)