Morning Analysis


Currently, the market trend is dominated by bears.
The rebound is not a reversal; each upward wave lacks confidence, struggles to push higher, and trading volume continues to lag, indicating a clear overall weak rhythm. Essentially, it’s a volatile downward trend, a slow decline within a weak structure, definitely not a bullish-led market.

The approach remains the same and should not change: a rebound is an opportunity for bears to get on board.
Trading Suggestions
Short positions around 68,800-69,300 for Bitcoin, with targets near 66,000-66,500
Short positions around 2,010-2,040 for Ethereum, with targets near 1,850-1,880
View Original
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
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)