Xingran Midday BTC and ETH Market Analysis
BTC/ETH price structures are highly similar: after peaking following an earlier rally, both underwent a deep decline, then rebounded while consolidating at lower levels. After meeting resistance, they fell again. The broader trend is dominated by bears, while short-term trading is weak and range-bound. The rebound failed to break above the previous high, making it a corrective move after the decline. Selling pressure overhead remains heavy, and highs are gradually moving lower. Selling on rebounds is recommended.
U.S. Treasury yields remain elevated, and the Federal Reserve’s hawkish stance is weighing on risk assets. Tensions in the Middle East have raised inflation concerns, prompting funds to flow out of riskier assets. A small amount of institutional buying is insufficient to offset macroeconomic selling pressure, leaving the market broadly under pressure.
ETH
Entry range: 2532 - 2537
Stop loss: 2542
First target: 2487 Second target: 2405
BTC
Entry range: 84080 - 84134
Stop loss: 84200
First target: 82912 Second target: 80344$XAU #比特币突破8.4万美元
BTC/ETH price structures are highly similar: after peaking following an earlier rally, both underwent a deep decline, then rebounded while consolidating at lower levels. After meeting resistance, they fell again. The broader trend is dominated by bears, while short-term trading is weak and range-bound. The rebound failed to break above the previous high, making it a corrective move after the decline. Selling pressure overhead remains heavy, and highs are gradually moving lower. Selling on rebounds is recommended.
U.S. Treasury yields remain elevated, and the Federal Reserve’s hawkish stance is weighing on risk assets. Tensions in the Middle East have raised inflation concerns, prompting funds to flow out of riskier assets. A small amount of institutional buying is insufficient to offset macroeconomic selling pressure, leaving the market broadly under pressure.
ETH
Entry range: 2532 - 2537
Stop loss: 2542
First target: 2487 Second target: 2405
BTC
Entry range: 84080 - 84134
Stop loss: 84200
First target: 82912 Second target: 80344$XAU #比特币突破8.4万美元