Evening market trends have validated the bearish outlook. BTC has fallen smoothly from key resistance levels, capturing over 800 points of gains. ETH has followed in sync, achieving over 40 points in profits, with the downtrend effectively confirmed. Currently, prices are showing technical rebound, but the overall structure remains within a bearish-dominated downtrend channel. Rebounds can be viewed as opportunities to establish short positions again.
From the chart perspective, this round of decline has effectively broken through important intraday support zones and formed new secondary-level resistance. BTC's 92500-92800 zone above has converted from early support to the current core resistance band, which consolidates previous breakout points and golden ratio pressure levels from downtrend rebounds. ETH is simultaneously under pressure in the 3200-3180 zone. There is a high probability that prices will encounter resistance and pull back when rebounding to this area. #GateAI正式上线 $BTC
Operationally, we maintain the primary strategy of selling on rebounce. It is recommended to monitor resistance signals when BTC rebounds to the 91800-92300 range and ETH rebounds to the 3180-3200 range, then establish short positions in batches at opportune moments.
Evening market trends have validated the bearish outlook. BTC has fallen smoothly from key resistance levels, capturing over 800 points of gains. ETH has followed in sync, achieving over 40 points in profits, with the downtrend effectively confirmed. Currently, prices are showing technical rebound, but the overall structure remains within a bearish-dominated downtrend channel. Rebounds can be viewed as opportunities to establish short positions again.
From the chart perspective, this round of decline has effectively broken through important intraday support zones and formed new secondary-level resistance. BTC's 92500-92800 zone above has converted from early support to the current core resistance band, which consolidates previous breakout points and golden ratio pressure levels from downtrend rebounds. ETH is simultaneously under pressure in the 3200-3180 zone. There is a high probability that prices will encounter resistance and pull back when rebounding to this area. #GateAI正式上线 $BTC
Operationally, we maintain the primary strategy of selling on rebounce. It is recommended to monitor resistance signals when BTC rebounds to the 91800-92300 range and ETH rebounds to the 3180-3200 range, then establish short positions in batches at opportune moments.