Regarding Bitcoin, yesterday’s price faced resistance around the 87,300 level and pulled back. After a clean break below the 84,000 mark, it further probed down to around 83,450, with the bearish momentum fully released.
The intraday downtrend has not yet continued. Accompanied by a technical rebound for correction, price has entered a consolidation and range-bound phase in the short term, with the long and short sides’ contest becoming relatively balanced. Yesterday, we stuck to the approach of shorting on rebounds under resistance. After price broke below the key 85,000 support, we confirmed an acceleration downward signal, and we promptly entered a short position at 84,200, realizing another large profit opportunity of around a thousand points in the early hours. Ethereum’s走势 moved in close alignment with Bitcoin; although the absolute upside/downside potential is limited, the timing and our call were highly consistent.
In terms of price action, after the recent pullback from a high short-term level under pressure, Bitcoin has fallen into range-bound consolidation. The rebound strength is relatively weak and has not managed to form an effective continuation. Resistance around 84,700 is acting as the near-term ceiling, while key support lies at around 83,700. Structurally, although price has turned sideways and is gradually breaking through the downward suppression trendline, the move has not been accompanied by a significant expansion in volume to break through the upper bound of the range. Overall, the market still remains in a relatively weak posture. If the 83,700 support is later broken on a closing basis, the space for bearish adjustments will open up further.
Bitcoin (BTC): Short at highs in the 84,400-84,700 range; target 82800$BTC
Ethereum (ETH): Short at highs in the 2,695-2,715 range; target 2600$ETH
#比特币两度受阻87300美元
The intraday downtrend has not yet continued. Accompanied by a technical rebound for correction, price has entered a consolidation and range-bound phase in the short term, with the long and short sides’ contest becoming relatively balanced. Yesterday, we stuck to the approach of shorting on rebounds under resistance. After price broke below the key 85,000 support, we confirmed an acceleration downward signal, and we promptly entered a short position at 84,200, realizing another large profit opportunity of around a thousand points in the early hours. Ethereum’s走势 moved in close alignment with Bitcoin; although the absolute upside/downside potential is limited, the timing and our call were highly consistent.
In terms of price action, after the recent pullback from a high short-term level under pressure, Bitcoin has fallen into range-bound consolidation. The rebound strength is relatively weak and has not managed to form an effective continuation. Resistance around 84,700 is acting as the near-term ceiling, while key support lies at around 83,700. Structurally, although price has turned sideways and is gradually breaking through the downward suppression trendline, the move has not been accompanied by a significant expansion in volume to break through the upper bound of the range. Overall, the market still remains in a relatively weak posture. If the 83,700 support is later broken on a closing basis, the space for bearish adjustments will open up further.
Bitcoin (BTC): Short at highs in the 84,400-84,700 range; target 82800$BTC
Ethereum (ETH): Short at highs in the 2,695-2,715 range; target 2600$ETH
#比特币两度受阻87300美元
