Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

In the afternoon, the strategy indicates that BTC has been heavily pressured by short positions down to 91640. After losing 92000, it regained some ground, but may continue to dip around 92000, so caution is advised for going long. Ether's long positions lack sufficient momentum and failed to break through 3100 points at midday, subsequently retreating to around 3040 points. The midday short positions made a strong push, beginning to dip down to around 3005, and then started to oscillate around 3000 points.


Looking at Ether on the 1-hour level, it is necessary to continue observing around the 3000 point. If short positions continue to make a strong push and break below 3000, one can look to go long near 2927. If it reaches 2991, one should reduce positions and wait on the sidelines. It is advisable to remain in cash and wait for a suitable opportunity to enter. In terms of indicators, the KDJ is beginning to show a downward divergence, and the MACD is starting to indicate that long positions are slowing down while short positions are beginning to suppress. If it does not break through 3050 and stabilize above 3040, one should consider gradually building positions and exiting below the 3000 point, with 10 points as the target.
Ether reference: go long around 3010, target 3050.
BTC-6.56%
ETH-9.32%
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
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 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)