Tuesday BTC ETH evening strategy: Rebound is a good opportunity for shorting.



During the day, BTC and ETH are in a state of tension after the rebound.
Looking at the daily chart, BTC has been running below the middle band of the Bollinger Bands for three consecutive days since the correction from the high of 117000. Yesterday, it rebounded to that position and quickly fell back, confirming the strong resistance of the middle band area. On the 4-hour chart, although the MACD histogram remains negative, it has slightly shortened, but the fast and slow lines are still running below the zero axis, without a golden cross reversal signal; the RSI indicator hovers around 40, in a neutral to bearish range, lacking technical support for bullish momentum.

Operation Direction
BTC rebounds to the range of 112000-113000 with a target of 110000, looking down to 108000
ETH Rebound to around 4080, target 4000 looking down at 3900
BTC0.99%
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
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 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)