Hello everyone, I’m A-Kai.
Today BTC spiked up and then quickly pulled back; ETH also weakened along with it. My view is: you’re now close to support, but there’s still no clear sign of a bottom. Don’t rush to short, and don’t automatically buy just because you see a lower wick.
I’m mainly watching these levels:
BTC: support around 76,650. Only after it reclaims 78,400 can it be considered a turn for the better.
ETH: support around 2,403. If it can reclaim 2,470, then we can look for a rebound.
In short: hold the support and wait for the rebound; if it’s broken effectively, keep waiting. When the market gets more frantic, you have to keep your hands under control.
Going forward, I’ll continue to share the BTC and ETH order book/price action and my own trading thoughts.
Do you think this move is a normal pullback, or the start of a new round of downside?
#比特币24小时跌3.4%至7.74万美元 #BTC #ETH
Today BTC spiked up and then quickly pulled back; ETH also weakened along with it. My view is: you’re now close to support, but there’s still no clear sign of a bottom. Don’t rush to short, and don’t automatically buy just because you see a lower wick.
I’m mainly watching these levels:
BTC: support around 76,650. Only after it reclaims 78,400 can it be considered a turn for the better.
ETH: support around 2,403. If it can reclaim 2,470, then we can look for a rebound.
In short: hold the support and wait for the rebound; if it’s broken effectively, keep waiting. When the market gets more frantic, you have to keep your hands under control.
Going forward, I’ll continue to share the BTC and ETH order book/price action and my own trading thoughts.
Do you think this move is a normal pullback, or the start of a new round of downside?
#比特币24小时跌3.4%至7.74万美元 #BTC #ETH