【Brother Tong's Evening Analysis】


BTC 78200-79000 can still be lightly shorted here.
Because 78800-82300 is a complete upward space, once 78800 is broken through, the target is 82300.
In the middle, 79080 (5-day EMA30), 79620/79710 (3-day EMA52), are the two core resistance points near the previous 80,000 level mentioned earlier.

When the bulls' upward momentum is very strong, once it is confirmed that 78800 will be effectively broken, the market may sometimes directly break through the 5-day EMA30 and 3-day EMA52 moving averages, rushing straight to the weekly EMA30 (82300), fully expanding the upward space.

Therefore, for positions near a previously tested resistance level, you must manage risk well when placing short orders. Although, based on today’s market, lightly shorting around 78244 has a very high short-term success rate, and it’s basically unlikely to lose, but also beware of bulls pushing higher and piercing through the high, to avoid being swept out of the position.

ETH moves in sync with the market, currently at 2397, and the high-range zone is also suitable for short-term small shorts, limited to short-term wave trading, not trend shorts.
The complete upward space is 2410-2480; once 2410 is effectively broken, the target above is directly 2480.
In the middle, 2408 (4H 5-day EMA30), 2425 (daily 3EMA52), are two key resistance points near the 2400 level.

When Bitcoin's bullish surge drives a linked rise, once 2410 is effectively broken, Ethereum will directly break through the double moving average resistance, heading straight for the weekly target of 2480.
Be sure to strictly manage risk when attempting shorts at high levels; lightly position around 2397, set strict stop-losses, and beware of following Bitcoin’s surge to pierce through the high, avoiding blindly holding through the spike.

The overall major structure remains unchanged; this time is purely a short-term test of resistance levels for shorting, not a trend-based short. Once the key upper level is broken, all positions should be exited, and subsequent pullbacks to key supports will still favor a bullish approach. $BTC $ETH #比特币反弹
BTC4%
ETH3,59%
View Original
post-image
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