Monday Bitcoin and Ethereum Strategy



After Bitcoin tested key support last night, it failed to form an effective breakdown in the morning. Instead, it continued oscillating and grinding a bottom at low levels. Although volume showed some pressure release, the continuation of the downtrend was insufficient. From the four-hour cycle perspective, the slope of consecutive down candles has gradually narrowed, MACD green columns continue to shrink, RSI indicator has turned upward from the oversold zone, and OBV volume line has stopped declining and stabilized.

Bitcoin's 68000 level was briefly pierced in the morning but quickly recovered, indicating this was not an effective breakdown. The core support below focuses on 67500.

The four-hour K-line formed a long lower shadow with a "doji" pattern from repeated grinding at low levels, combined with shrinking volume, indicating selling pressure has nearly been fully released.

Midday Trading Strategy
Bitcoin ranging between 66500-67500, target 69000, looking up to 70500
Ethereum ranging between 1980-2050, target 2100, looking up to 2180
#Gate13周年全球庆典 #Gate储备金报告 #加密行情震荡 #BTC #ETH
BTC3.34%
ETH4.61%
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