$ETH $BTC Morning thoughts.
First, look at the chart,
The chart drawn by Doug at 2.25 is still valid.
Currently, the market can be bearish, but the position is already close to the main trendline below and the small support below.
A prudent approach would be to be bearish but not rush to chase.
Why bearish?
Yesterday, basically ETH was leading the rise, and it's rare for altcoins to lead.
Now it's the Bitcoin conference, and regardless of whether the news is good or bad, traditionally, the outcomes tend to be negative.
Shifting focus back to Bitcoin.
Bitcoin's performance in the past two days has not been great.
Both waves of rebounds were weak, indicating a false breakout. A trap for longs.
In the short term
Current position
There is a greater possibility of clearing the giant whale at 107000,
And Ethereum
Compared to Bitcoin, has more room to the downside, a short-term target of 2600.
Continued breakthroughs may lead to further declines!
#比特币2025大会 #币安Alpha上新
First, look at the chart,
The chart drawn by Doug at 2.25 is still valid.
Currently, the market can be bearish, but the position is already close to the main trendline below and the small support below.
A prudent approach would be to be bearish but not rush to chase.
Why bearish?
Yesterday, basically ETH was leading the rise, and it's rare for altcoins to lead.
Now it's the Bitcoin conference, and regardless of whether the news is good or bad, traditionally, the outcomes tend to be negative.
Shifting focus back to Bitcoin.
Bitcoin's performance in the past two days has not been great.
Both waves of rebounds were weak, indicating a false breakout. A trap for longs.
In the short term
Current position
There is a greater possibility of clearing the giant whale at 107000,
And Ethereum
Compared to Bitcoin, has more room to the downside, a short-term target of 2600.
Continued breakthroughs may lead to further declines!
#比特币2025大会 #币安Alpha上新
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ETH
2,621.34
-3.43%
BTC
105,809.53
-2.68%