The current market sentiment is definitely not high. Although some news previously stimulated a rebound in price, it’s clearly lacking follow-through. Bitcoin was pushed down after surging to around 73,400, which indicates that there is no small amount of selling pressure overhead. Currently, the price is swaying back and forth between 72,000 and 73,000, and the strength to push higher is relatively weak. The center of the consolidation is also slowly shifting downward.



The 74,000 level still carries a very heavy pressure. The direction is already clear: if the rebound can’t get past 74,000, that is the best short-selling signal provided by the bears. Until there is a real breakout, the overall structure still leans toward weakness. So my view is: don’t treat a weak rebound as a reversal; for now, it’s safer to trade in line with this bearish consolidation pattern.

In terms of specific actions:
Bitcoin: You can trade within the 72,000-74,000 range, but overall, the bias is to look for opportunities to short; first, look down toward around 68,000.
Ethereum: In the 2240-2260 range, 2100 is a short-term support. If it breaks below this level, the next target is around 2100.
$BTC $ETH #原油小幅上涨 #美伊停火协议谈判再生变故 #加密市场回升
BTC0,13%
ETH0,75%
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
Add a comment
Add a comment
No comments
  • Pin