11.09–11.13 (this week) swing-trading outlook:
Last week, Bitcoin dropped nearly 6,000 points, and Ethereum fell by 400+ points. Our bearish outlook played out perfectly and delivered profits (quoted post).
As usual, here’s a brief look at this week’s price action, everyone~
For now, macro headwinds still outweigh bullish factors:
1. Nonfarm payrolls exceeded expectations, raising rate-hike expectations
2. BTC spot ETFs are still seeing persistent net outflows overall
3. The market is concerned about tighter regulation
4. CPI data is coming up, posing a risk
5. There is heavy overhead supply from buyers stuck at higher prices
There’s even less to say about the technical picture:
The 4-hour highs are stepping down. After making a new low, price bounced on declining volume, forming a bearish continuation pattern.
So the best approach for the coming period is to prioritize shorting rallies.
This week’s swing-trading outlook:
For Bitcoin, consider shorting around 77,000–78,000. Targets: 74,500 / 73,000 / 71,000.
For Ethereum, consider shorting around 2,280–2,330. Targets: 2,170 / 2,100 / 1,950.
$BTC $ETH $AMZNB #币安恢复HYPE与APT提现
Last week, Bitcoin dropped nearly 6,000 points, and Ethereum fell by 400+ points. Our bearish outlook played out perfectly and delivered profits (quoted post).
As usual, here’s a brief look at this week’s price action, everyone~
For now, macro headwinds still outweigh bullish factors:
1. Nonfarm payrolls exceeded expectations, raising rate-hike expectations
2. BTC spot ETFs are still seeing persistent net outflows overall
3. The market is concerned about tighter regulation
4. CPI data is coming up, posing a risk
5. There is heavy overhead supply from buyers stuck at higher prices
There’s even less to say about the technical picture:
The 4-hour highs are stepping down. After making a new low, price bounced on declining volume, forming a bearish continuation pattern.
So the best approach for the coming period is to prioritize shorting rallies.
This week’s swing-trading outlook:
For Bitcoin, consider shorting around 77,000–78,000. Targets: 74,500 / 73,000 / 71,000.
For Ethereum, consider shorting around 2,280–2,330. Targets: 2,170 / 2,100 / 1,950.
$BTC $ETH $AMZNB #币安恢复HYPE与APT提现
