Bitcoin Market Analysis: The current 1-hour price is oscillating near the lower edge of the upward channel, which is a key point for trend continuation.


The MACD indicator shows a death cross above the zero line with decreasing green bars, indicating weakening bearish momentum and initial signs of a rebound; only if it stabilizes above 71,600 can the upward trend be confirmed.
If it falls below 70,000, it will test the 69,300 support, and a channel breakdown would signal a trend reversal to bearish.

Ethereum Market Analysis: The current 4-hour price is trading above the neckline of the head and shoulders top pattern at 2160-2173, now in the stage of choosing direction after the right shoulder rebound.
If it breaks below the neckline, the head and shoulders top pattern will be confirmed, initiating a short-term downtrend with a target of 2061; if it rebounds and breaks above 2225, the pattern will be invalidated, and the rebound will continue.

Trading Suggestions: Short near 71,200 for Bitcoin, with a stop at 71,900, targeting around 70,000; if it breaks below 69,300-68,800, consider going long again if it holds.

Ethereum Trading Suggestions: Short near 2,200 on rebound, with a stop at 2,225, targeting around 2,160-2,173; if it breaks below 2,130-2,100, consider going long again (strategy for reference only).
ETH-1,44%
BTC-1,34%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin