The market is still sluggish. BTC’s rebound is being capped by the daily chart’s middle Bollinger Band. It pulled back after reaching an intraday high of 83,100, but held above support at the 4-hour middle band and failed to break below it. The hourly chart’s lower band is opening upward and moving higher, continuing to support the price. At the current level of 82,000, chasing a short doesn’t offer much upside relative to the risk!
Unless the rebound can hold above 84,000, the bulls won’t be able to gain momentum. This is the bulls’ last rallying cry. We’ve been calling for buying the dips for so many days that it’s become a case of “the boy who cried wolf”—people have grown numb to it.
If you don’t have a long position, you can start with a small one if BTC wicks down to 80,800. Save any additions for around 78,000. For the rebound, look first at 82,500, then 84,500–87,000–90,000.
For ETH, consider buying the dip if it wicks down to 2,350. For the rebound, look first at 2,450; if it holds above that, watch 2,550–2,700, followed by 3,000. #加密金库存款超100亿美元 $BTC
Unless the rebound can hold above 84,000, the bulls won’t be able to gain momentum. This is the bulls’ last rallying cry. We’ve been calling for buying the dips for so many days that it’s become a case of “the boy who cried wolf”—people have grown numb to it.
If you don’t have a long position, you can start with a small one if BTC wicks down to 80,800. Save any additions for around 78,000. For the rebound, look first at 82,500, then 84,500–87,000–90,000.
For ETH, consider buying the dip if it wicks down to 2,350. For the rebound, look first at 2,450; if it holds above that, watch 2,550–2,700, followed by 3,000. #加密金库存款超100亿美元 $BTC