【19:30 European Session Update】
#BTC has continued to weaken after peaking at 83158 and pulling back. At 19:28, it was trading around 82240. The intraday support zone at 82350–82400 has been breached, so the wait-and-see approach is canceled and we’ll shift to a defensive assessment.
Revised plan:
① 83100–83200 is confirmed as strong resistance. No going long until price reclaims this zone.
② 82350–82400 has turned from support into resistance. If price rebounds but fails to reclaim it, the bearish outlook is confirmed. Don’t enter early.
③ Below, watch 81600 (the 24-hour opening price), then 81100. Reassess whether to enter when price reaches those levels; don’t try to catch a falling knife.
Rules:
① Use strict stop-losses. Keep each trade’s loss within the limit; exit immediately if support breaks.
② Don’t chase rallies or sell into sharp declines, and don’t open positions in the middle of the range.
③ Manage position size first; don’t increase leverage based on emotion.$ETH
#BTC has continued to weaken after peaking at 83158 and pulling back. At 19:28, it was trading around 82240. The intraday support zone at 82350–82400 has been breached, so the wait-and-see approach is canceled and we’ll shift to a defensive assessment.
Revised plan:
① 83100–83200 is confirmed as strong resistance. No going long until price reclaims this zone.
② 82350–82400 has turned from support into resistance. If price rebounds but fails to reclaim it, the bearish outlook is confirmed. Don’t enter early.
③ Below, watch 81600 (the 24-hour opening price), then 81100. Reassess whether to enter when price reaches those levels; don’t try to catch a falling knife.
Rules:
① Use strict stop-losses. Keep each trade’s loss within the limit; exit immediately if support breaks.
② Don’t chase rallies or sell into sharp declines, and don’t open positions in the middle of the range.
③ Manage position size first; don’t increase leverage based on emotion.$ETH