After two days of震荡盘整 over the weekend, Bitcoin experienced a sharp drop this morning, with the lowest point reaching around 91800. Ethereum even broke below the support level of 3200 points.
From the current market situation, it has been a continuous震荡走弱 with minimal volatility, leaving no room for opportunities. It now appears to be a buildup for the bears. The short-term bulls have completely lost momentum, and the upward driving force is exhausted. The trading strategy is to short on rebounds! For Bitcoin, short at 93200-94000 on rebounds, target 91300-90100. For Ethereum, short at 3220-3260 on rebounds, target 3130-3050.
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.
After two days of震荡盘整 over the weekend, Bitcoin experienced a sharp drop this morning, with the lowest point reaching around 91800. Ethereum even broke below the support level of 3200 points.
From the current market situation, it has been a continuous震荡走弱 with minimal volatility, leaving no room for opportunities. It now appears to be a buildup for the bears. The short-term bulls have completely lost momentum, and the upward driving force is exhausted. The trading strategy is to short on rebounds!
For Bitcoin, short at 93200-94000 on rebounds, target 91300-90100.
For Ethereum, short at 3220-3260 on rebounds, target 3130-3050.