Crypto钟良
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Bearish
Bitcoin and Ethereum are two independent varieties that everyone must distinguish between. When going long on Bitcoin, it does not necessarily mean you can also go long on Ethereum. Bitcoin's weekly candle has closed bearish for two consecutive weeks, from a small bearish candle with a long upper shadow two weeks ago to a medium bearish candle with a long lower shadow last week, indicating that there is still a risk of retracement below, and there has not been strong support to stop the decline. The support on the weekly middle line is around 108,500, which needs to be monitored this week.
The daily candle shows two consecutive bearish candles over the weekend, with the price breaking below the lower support. The lower band is opening downwards, with MACD's bearish energy continuing to increase. Both KDJ and RSI are turning downwards, and there are still no strong support signals to stop the decline. The strategy is primarily to short. The rebounds have not been able to stay above the daily middle line, and instead, have fallen to lower lows, causing the lower band to open downwards. Let me share the main idea for this week, which remains to go short, with strong resistance above at the daily middle lines of 116,500 and 115,000, and strong support below at 108,500 and 107,500.
In the intraday outlook, the resistance for Bitcoin is focused around 113,500-114,500-115,500. We will enter short positions in batches relying on this area, while the lower targets to focus on are 112,000-110,000-108,000. This week, as long as Bitcoin does not stabilize above the daily middle line, the strategy remains to short. This strategy has always been effective, and since I don't have time to update every day, I wanted to clarify everything at once! #ETH创历史新高
The daily candle shows two consecutive bearish candles over the weekend, with the price breaking below the lower support. The lower band is opening downwards, with MACD's bearish energy continuing to increase. Both KDJ and RSI are turning downwards, and there are still no strong support signals to stop the decline. The strategy is primarily to short. The rebounds have not been able to stay above the daily middle line, and instead, have fallen to lower lows, causing the lower band to open downwards. Let me share the main idea for this week, which remains to go short, with strong resistance above at the daily middle lines of 116,500 and 115,000, and strong support below at 108,500 and 107,500.
In the intraday outlook, the resistance for Bitcoin is focused around 113,500-114,500-115,500. We will enter short positions in batches relying on this area, while the lower targets to focus on are 112,000-110,000-108,000. This week, as long as Bitcoin does not stabilize above the daily middle line, the strategy remains to short. This strategy has always been effective, and since I don't have time to update every day, I wanted to clarify everything at once! #ETH创历史新高
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BTC
110,413.54
-0.88%
ETH
4,427.3
-2.99%
