The trend is basically within expectations, with BTC dipping to a low of 63,208.
Currently there’s bearish divergence appearing on the 30-minute chart. For the short term, first look for a 30-minute rebound. But structurally, it’s still forming a declining 30-minute middle segment, so after the rebound, there should still be an additional expected move down on the 30-minute timeframe.
Today the key focus is the resistance around 64,000. If the rebound reaches there properly, you can consider shorting one position there.
Next we’ll watch how strong the 30-minute pullback is: whether it goes on to form a first buy (1st buy) and continue falling, or whether it forms a second buy (2nd buy) and then turns upward. This is the part that truly matters going forward.
For yesterday’s long positions: if they rebound, you can take profit first, keep some chips on hand, and then look for opportunities to act later.
ETH was clearly stronger than BTC last night. Today the main thing to watch is whether 1,898 can break through.
If 1,898 can’t be passed, take profit on the long first; you can also consider shorting as a countertrade for another expected 30-minute decline.
If there’s a breakout above 1,898 with increased volume, you can continue to hold the long; then wait for the 2nd buy confirmation before considering adding.
Right now the market is switching between long and short repeatedly. Don’t rush to chase; just follow the 30-minute structure step by step.$BTC $ETH $SNDK
Currently there’s bearish divergence appearing on the 30-minute chart. For the short term, first look for a 30-minute rebound. But structurally, it’s still forming a declining 30-minute middle segment, so after the rebound, there should still be an additional expected move down on the 30-minute timeframe.
Today the key focus is the resistance around 64,000. If the rebound reaches there properly, you can consider shorting one position there.
Next we’ll watch how strong the 30-minute pullback is: whether it goes on to form a first buy (1st buy) and continue falling, or whether it forms a second buy (2nd buy) and then turns upward. This is the part that truly matters going forward.
For yesterday’s long positions: if they rebound, you can take profit first, keep some chips on hand, and then look for opportunities to act later.
ETH was clearly stronger than BTC last night. Today the main thing to watch is whether 1,898 can break through.
If 1,898 can’t be passed, take profit on the long first; you can also consider shorting as a countertrade for another expected 30-minute decline.
If there’s a breakout above 1,898 with increased volume, you can continue to hold the long; then wait for the 2nd buy confirmation before considering adding.
Right now the market is switching between long and short repeatedly. Don’t rush to chase; just follow the 30-minute structure step by step.$BTC $ETH $SNDK