Tuesday 🧭
Bitcoin has reached a recent high, and the candlestick chart shows resistance at higher levels, with overall weakness in fluctuation. On the 1-hour timeframe, the Bollinger Bands are narrowing, the price has returned below the middle band, bullish momentum is weakening, and there is short-term resistance above. Additionally, trading volume has not effectively increased, indicating a lack of upward momentum. Therefore, the strategy should focus on shorting during rebounds.
Trading Suggestions
Bitcoin: Short near 95500-96000, target 93500
Ethereum: Short near 1815-1835, target 1745 5161 8376 0743 9772 0722 294
7065 7654 097
9293 3933 3364
Bitcoin has reached a recent high, and the candlestick chart shows resistance at higher levels, with overall weakness in fluctuation. On the 1-hour timeframe, the Bollinger Bands are narrowing, the price has returned below the middle band, bullish momentum is weakening, and there is short-term resistance above. Additionally, trading volume has not effectively increased, indicating a lack of upward momentum. Therefore, the strategy should focus on shorting during rebounds.
Trading Suggestions
Bitcoin: Short near 95500-96000, target 93500
Ethereum: Short near 1815-1835, target 1745 5161 8376 0743 9772 0722 294
7065 7654 097
9293 3933 3364
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
94,032.18
-1.22%
ETH
1,771.21
-2.71%