$BTC is range-bound at the high end—both longs and shorts are waiting for a direction.
After surging to 87399 and then falling, it has been stuck in a high-level range. The current price is right up against the upper resistance boundary. Only if it breaks into a volume-backed consolidation above 85638 will there be a chance to challenge the previous high again; if it meets resistance and weakens, it will open up room for a pullback. In this kind of position, the worst thing is a false breakout—charging in can easily trap you in a bull trap.
$ETH short-term trading is linked with the big BTC market; 2727 is the watershed level. Currently it’s slightly under pressure and lacks upside breakout momentum. As long as 2680 support holds, the bullish structure can still remain intact; if it breaks below, it will open up pullback space.
Tonight will tell the truth—are you a long or a short?
#BTC #ETH
After surging to 87399 and then falling, it has been stuck in a high-level range. The current price is right up against the upper resistance boundary. Only if it breaks into a volume-backed consolidation above 85638 will there be a chance to challenge the previous high again; if it meets resistance and weakens, it will open up room for a pullback. In this kind of position, the worst thing is a false breakout—charging in can easily trap you in a bull trap.
$ETH short-term trading is linked with the big BTC market; 2727 is the watershed level. Currently it’s slightly under pressure and lacks upside breakout momentum. As long as 2680 support holds, the bullish structure can still remain intact; if it breaks below, it will open up pullback space.
Tonight will tell the truth—are you a long or a short?
#BTC #ETH