Last night's market was interesting; the recent surge in Bitcoin and Ethereum was indeed fierce. The false move downward before the US stock market opened tricked many retail investors into shorting, but the price continued to rise and touched the 90961 level.
After such a rebound, someone is always dreaming of a bullish rally. The market atmosphere for chasing longs is quite strong, but you need to see clearly— the short-term pullback is actually quite weak, which is normal market behavior.
From the candlestick patterns and technical indicators, the resistance level above is tightly capped, and the downward momentum of the bears is already quite clear. So today's strategy remains the old routine: short on rallies.
For Bitcoin, you can look for opportunities to short between 90500 and 91500, with the lower target around 88000 to 89000, which will serve as support. The market rhythm is just like this; following the trend is the most important.
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SmartMoneyWallet
· 11h ago
That line 90961 is just a psychological game played by the funds. Retail investors have all been trapped. On-chain data shows that big players have already offloaded their chips at high levels, yet they're still hyping a rebound here.
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UnluckyValidator
· 11h ago
Once again, it's the same old idea of shorting at the top. Feels a bit outdated.
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LightningHarvester
· 11h ago
Retail investors are chasing the bulls again, waiting to get cut, haha.
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SandwichTrader
· 11h ago
Here comes the repeated chopping of leeks again; retail investors really need to learn to cut losses.
Last night's market was interesting; the recent surge in Bitcoin and Ethereum was indeed fierce. The false move downward before the US stock market opened tricked many retail investors into shorting, but the price continued to rise and touched the 90961 level.
After such a rebound, someone is always dreaming of a bullish rally. The market atmosphere for chasing longs is quite strong, but you need to see clearly— the short-term pullback is actually quite weak, which is normal market behavior.
From the candlestick patterns and technical indicators, the resistance level above is tightly capped, and the downward momentum of the bears is already quite clear. So today's strategy remains the old routine: short on rallies.
For Bitcoin, you can look for opportunities to short between 90500 and 91500, with the lower target around 88000 to 89000, which will serve as support. The market rhythm is just like this; following the trend is the most important.