Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
1.9 Evening BTC/ETH Trading Suggestions and Analysis
Looking at the 4-hour candlestick chart of BTC/USDT, the analysis is as follows: The current price is below the MA(7) at 90766, with the price at 90403, indicating short-term resistance; the MA(25) at 92161 is farther away, providing medium-term resistance. The MA(99) at 89508 offers short-term support. After reaching a high of 91632 within 4 hours, the price retreated, with a low of 89311, generally in a short-term oscillating downward trend. Recently, volume bars show increasing green bars and decreasing red bars, indicating insufficient buying strength during the decline and relatively stronger selling pressure. Support level: 89508. If broken, the price may further decline to lower ranges. Resistance levels: 90766 (MA7), 92161 (MA25). Only a valid breakout can reverse the short-term weakness.
BTC Trading Suggestions:
1. Light Short Position: When the price falls below 89500 with volume increasing, try a small short position, set stop-loss at 89800, target at 89300, and if broken, look towards 89000.
2. Add to Short: If support at 89311 is broken and rebound is weak, add to short positions, target in the 88500-89000 range, and move stop-loss up to 89500.
3. Rebound Short: When the price rebounds to around 90766 (MA7) and encounters resistance, then falls back, and candlesticks show pressure patterns (such as bearish engulfing, shooting star), consider a short position on the rebound, with a stop-loss at 91000 and target at 89500.
ETH Trading Suggestions:
1. Rebound Short: When the price rebounds to around 3107 (MA5) and encounters resistance, and candlesticks show pressure patterns (such as shooting star, small bullish candles with rejection), try a small short position, with a stop-loss above 3120 (above MA10), and target at 3050. If broken, look towards the 3000 level.
2. Breakout Add to Short: If the price falls below 3050 with volume increasing, add slightly to short positions, move stop-loss up to 3070, and target in the 2980-3000 range.
3. Trend Short: If the 3000 level is broken, retain some holdings for a trend short, with a stop-loss at 3030, and target below 2950.