10.21 BTC and ETH strategy reference: Rebounds are meeting resistance, so continue to look for shorting opportunities
As I said clearly yesterday, $BTC 83000 was the area to short. Price topped out around 83,400, and the resistance held firm. We stayed with the move and continued to look bearish. Whether we got the timing right is obvious to anyone who knows.
The short-term price action looks lively, with plenty of back-and-forth, but the key resistance level hasn’t been broken. Price is still moving within that range. Don’t rush to bet on a one-way move until the range breaks; first, manage your positions within it.
$ETH
Today’s plan remains unchanged: look for a good spot to short into a rebound. Don’t chase the rally—wait for price to bounce before acting.
Short BTC on a rebound around 83,400–83,900, with an initial target of 81,200; if it breaks lower, look toward 80,000. Short ETH on a rebound around 2,480–2,500, with an initial target of 2,370; if it breaks lower, look toward 2,300.
Adjust these levels slightly as price action develops during the session. Don’t stubbornly hold against the move; if support breaks, exit.
#Zcash24小时上涨8.5%
As I said clearly yesterday, $BTC 83000 was the area to short. Price topped out around 83,400, and the resistance held firm. We stayed with the move and continued to look bearish. Whether we got the timing right is obvious to anyone who knows.
The short-term price action looks lively, with plenty of back-and-forth, but the key resistance level hasn’t been broken. Price is still moving within that range. Don’t rush to bet on a one-way move until the range breaks; first, manage your positions within it.
$ETH
Today’s plan remains unchanged: look for a good spot to short into a rebound. Don’t chase the rally—wait for price to bounce before acting.
Short BTC on a rebound around 83,400–83,900, with an initial target of 81,200; if it breaks lower, look toward 80,000. Short ETH on a rebound around 2,480–2,500, with an initial target of 2,370; if it breaks lower, look toward 2,300.
Adjust these levels slightly as price action develops during the session. Don’t stubbornly hold against the move; if support breaks, exit.
#Zcash24小时上涨8.5%