$BTC Bitcoin surged to 83,439 last night but met resistance. The bulls lacked the strength to push higher, and the price gradually pulled back, bottoming out near 82,200 before rebounding to around 82,800. Ethereum climbed to around 2,480, then met resistance and pulled back in tandem. After testing the lows, it staged a small rebound. Its short-term rhythm is in line with Bitcoin’s—a weak recovery following profit-taking after the rally. Don’t get carried away by big gains or panic over big losses; emotions are a trader’s greatest enemy.
The current 15-minute rebound is merely a weak bounce. Until prices break above their respective resistance levels on sustained, increased volume, we’ll continue to favor selling at higher levels. This afternoon, we’ll be watching support at 82,200 for Bitcoin and 2,420 for Ethereum. A decisive break below these levels could extend the downward momentum. Also, false breakouts are common in range-bound markets, so be sure to manage risk, keep positions small, and avoid blindly chasing rebounds.
Bitcoin: Short around 83,200–83,500, target 82,000
Ethereum: Short around 2,480–2,460, target 2,400#股票财报季
The current 15-minute rebound is merely a weak bounce. Until prices break above their respective resistance levels on sustained, increased volume, we’ll continue to favor selling at higher levels. This afternoon, we’ll be watching support at 82,200 for Bitcoin and 2,420 for Ethereum. A decisive break below these levels could extend the downward momentum. Also, false breakouts are common in range-bound markets, so be sure to manage risk, keep positions small, and avoid blindly chasing rebounds.
Bitcoin: Short around 83,200–83,500, target 82,000
Ethereum: Short around 2,480–2,460, target 2,400#股票财报季
