After Bitcoin's daily candlestick pierced the lower support, it rebounded, closing with a medium bullish candlestick with a long lower shadow. Today's opening price returned above the lower track, and the downward pressure from the bears is limited, leading to a rebound. Both the middle track and the lower track are currently opening downwards. On the 4-hour level, the rebound is under pressure from the middle track, and the intraday strategy remains focused on short positions, looking first for a pullback.
Bitcoin is facing resistance at 112000 and 113000. We can consider participating in a short position here for the daily high. If the market doesn't provide an opportunity for a rebound, then consider shorting if it breaks below 110500, with the downside targets focusing on 109500, 108500, and 107000.
The daily closing price of Ethereum has returned above the middle band, while the upper band is opening downwards. However, the lower band is continuously opening upwards, indicating a significant divergence between bulls and bears. On the short-term 4-hour level, the rebound is being pressured by the middle band, and we are also looking for a pullback within the day.
Resistance on Ethereum at 4600, 4640, and 4700. Short positions can be entered relying on these levels. Support is at 4440, 4400, and 4300. #Gate广场七夕心意#
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8.27BTC/ETH market view:
After Bitcoin's daily candlestick pierced the lower support, it rebounded, closing with a medium bullish candlestick with a long lower shadow. Today's opening price returned above the lower track, and the downward pressure from the bears is limited, leading to a rebound. Both the middle track and the lower track are currently opening downwards. On the 4-hour level, the rebound is under pressure from the middle track, and the intraday strategy remains focused on short positions, looking first for a pullback.
Bitcoin is facing resistance at 112000 and 113000. We can consider participating in a short position here for the daily high. If the market doesn't provide an opportunity for a rebound, then consider shorting if it breaks below 110500, with the downside targets focusing on 109500, 108500, and 107000.
The daily closing price of Ethereum has returned above the middle band, while the upper band is opening downwards. However, the lower band is continuously opening upwards, indicating a significant divergence between bulls and bears. On the short-term 4-hour level, the rebound is being pressured by the middle band, and we are also looking for a pullback within the day.
Resistance on Ethereum at 4600, 4640, and 4700. Short positions can be entered relying on these levels. Support is at 4440, 4400, and 4300. #Gate广场七夕心意#