$BTC Bitcoin and Ethereum have rebounded into the key resistance zone above after plunging to test their lows the day before yesterday, where they are facing heavy pressure.
The market is showing a typical “low-volume rebound” pattern: bulls have made several attempts to break through, but none have managed to hold above the level, leaving long upper wicks on the candlesticks. This suggests that bears have built up substantial positions above. Once bullish momentum runs out, another wave of concentrated selling could easily follow.
Trading advice: Try a small short position near 75500; target 75000–74000; stop-loss 77000.
Ethereum: Try a small short position near 2220; target 2180–2100; stop-loss 2250 #ETH🔥🔥🔥🔥🔥🔥
The market is showing a typical “low-volume rebound” pattern: bulls have made several attempts to break through, but none have managed to hold above the level, leaving long upper wicks on the candlesticks. This suggests that bears have built up substantial positions above. Once bullish momentum runs out, another wave of concentrated selling could easily follow.
Trading advice: Try a small short position near 75500; target 75000–74000; stop-loss 77000.
Ethereum: Try a small short position near 2220; target 2180–2100; stop-loss 2250 #ETH🔥🔥🔥🔥🔥🔥
