Correction after overbought: Indicators suggest the market is overheated, so a short-term pullback to support levels 89,000–86,500 USDT is preferred with a possible medium-term reversal. Altcoins ETH and SOL are recommended to be kept in reserve for buying on the correction, considering their technical stability.
Short-term plan Action: Open a short position (short) Entry point: 90,500 USDT (volume 50 %) Stop-loss: 92,500 USDT Profit target: 86,500 USDT
Medium-term plan Action: Open a long position (long) on a pullback Entry point: 86,500 USDT (volume 50 %) Stop-loss: 83,000 USDT Profit target: 95,000 USDT $BTC
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.
Correction after overbought: Indicators suggest the market is overheated, so a short-term pullback to support levels 89,000–86,500 USDT is preferred with a possible medium-term reversal. Altcoins ETH and SOL are recommended to be kept in reserve for buying on the correction, considering their technical stability.
Short-term plan
Action: Open a short position (short)
Entry point: 90,500 USDT (volume 50 %)
Stop-loss: 92,500 USDT
Profit target: 86,500 USDT
Medium-term plan
Action: Open a long position (long) on a pullback
Entry point: 86,500 USDT (volume 50 %)
Stop-loss: 83,000 USDT
Profit target: 95,000 USDT
$BTC