18th Big Pancake Aunties Public Thoughts:
Overall, it still looks like a rebound from a high point followed by a move south. The overall market environment isn’t good. If the Fed raises rates again won’t solve the problem, there may also be news that triggers a second rate hike.
BTC and ETH rebounds have been relatively weak. Every time they spike up, they meet resistance and drop back. In the short term, moving averages are suppressing the price, which forms a weak, sideways consolidation pattern. Any brief rebound is just a technical repair, not a reversal. In the short term, the bigger direction still looks south.
Trading suggestion: If it rebounds to around 77,000, go short (south)
🎯 target around 75,000
ETH: If it rebounds to around 2,460, go short (south)
🎯 target around 2,400
$BTC #比特币突破77000美元
$ETH #Paradigm Disclosure: Holding ZEC
Overall, it still looks like a rebound from a high point followed by a move south. The overall market environment isn’t good. If the Fed raises rates again won’t solve the problem, there may also be news that triggers a second rate hike.
BTC and ETH rebounds have been relatively weak. Every time they spike up, they meet resistance and drop back. In the short term, moving averages are suppressing the price, which forms a weak, sideways consolidation pattern. Any brief rebound is just a technical repair, not a reversal. In the short term, the bigger direction still looks south.
Trading suggestion: If it rebounds to around 77,000, go short (south)
🎯 target around 75,000
ETH: If it rebounds to around 2,460, go short (south)
🎯 target around 2,400
$BTC #比特币突破77000美元
$ETH #Paradigm Disclosure: Holding ZEC
