2.27 Midday Market Analysis. Yesterday's price experienced a slight pullback, but the decline was halted and did not continue downward. The overall intraday trend is mainly sideways. The fluctuations are slightly weaker.
On the four-hour chart, the price tested the 70,000 level but failed to break through, then alternating between bullish and bearish candles, moving in a stair-step downward pattern. The MACD shows decreasing bullish momentum, indicating that the current trend will continue to fluctuate sideways. Therefore, a rebound can be shorted. BTC Trading Suggestion: Short around 67,500-68,000, targeting 66,500, with a stop loss at 68,400. ETH Trading Suggestion: Short around 2,050, take profit at 2,010-1,960, stop loss above 2,070.
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.
2.27 Midday Market Analysis. Yesterday's price experienced a slight pullback, but the decline was halted and did not continue downward. The overall intraday trend is mainly sideways. The fluctuations are slightly weaker.
On the four-hour chart, the price tested the 70,000 level but failed to break through, then alternating between bullish and bearish candles, moving in a stair-step downward pattern. The MACD shows decreasing bullish momentum, indicating that the current trend will continue to fluctuate sideways. Therefore, a rebound can be shorted.
BTC Trading Suggestion: Short around 67,500-68,000, targeting 66,500, with a stop loss at 68,400.
ETH Trading Suggestion: Short around 2,050, take profit at 2,010-1,960, stop loss above 2,070.