Xingran’s Morning BTC and ETH Market Analysis
U.S. Treasury yields have hit a 24-year high, while the strong dollar is severely squeezing liquidity in high-risk assets such as cryptocurrencies. Tensions in the Middle East have pushed oil prices higher, heightening concerns that inflation may flare up again and further delaying expectations of interest rate cuts. The earlier plunge triggered massive cascading liquidations of long positions, badly damaging market sentiment in the short term and leaving little momentum for a rebound. The market is currently seeing a weak rebound after a sharp drop, with bears in control.
Trading strategy: Sell on rallies
BTC short entry zone: Look to enter short on a rebound to the 83,000–83,500 range. Stop-loss: Above 84,000. Targets: 81,500, followed by the previous low of 80,300.
ETH short entry zone: Look to enter short on a rebound to the 2,500–2,520 range. Stop-loss: Above 2,550. Targets: 2,420, followed by the previous low of 2,400.$BTC $ETH #比特币跌破8.1万美元
U.S. Treasury yields have hit a 24-year high, while the strong dollar is severely squeezing liquidity in high-risk assets such as cryptocurrencies. Tensions in the Middle East have pushed oil prices higher, heightening concerns that inflation may flare up again and further delaying expectations of interest rate cuts. The earlier plunge triggered massive cascading liquidations of long positions, badly damaging market sentiment in the short term and leaving little momentum for a rebound. The market is currently seeing a weak rebound after a sharp drop, with bears in control.
Trading strategy: Sell on rallies
BTC short entry zone: Look to enter short on a rebound to the 83,000–83,500 range. Stop-loss: Above 84,000. Targets: 81,500, followed by the previous low of 80,300.
ETH short entry zone: Look to enter short on a rebound to the 2,500–2,520 range. Stop-loss: Above 2,550. Targets: 2,420, followed by the previous low of 2,400.$BTC $ETH #比特币跌破8.1万美元