The intraday market has broken the strong trend of long positions, showing a continuous pullback momentum. BTC fell to a low near the starting point of the rally at around 87000, with a pullback of nearly 2000 points during the day, while Ether's pullback was relatively weak, dropping to a low near 2945. There was also a downward space of over 100 points. Our morning live trading setup entered a long order near 88100, which perfectly captured over 800 points of BTC, and then in the afternoon, as the market continued to pull back near 87000, we saw an opportunity to go short. We prompted a short near 88700 during midday, and in the afternoon it directly reached the line of 87000, yielding a profit of 1700 points. Following the trend, we also entered a short position on Ethereum at 3000, which directly reached 2945, securing a gain of 55 points. Currently, such a market is difficult to fully control, but to achieve such results during the day can be considered a perfect conclusion.
From the current market perspective, after the intraday price broke below 87000, it did not continue to fall but instead moved into a consolidation phase to build momentum, indicating that there is still support below. At this point, we should not blindly follow the shorts. This signal aligns well with the current correction pattern of the market. From the current structure, there doesn't seem to be much space at the bottom, and the currency price is fluctuating in the 87500 area, with a relatively small range of compression in the movement. The short-term moving averages are basically in a state of convergence and flatness, leaning towards the possibility of maintaining a slightly oscillating trend in the short term. In the smaller time frame, the continuous oscillation and recovery technical patterns are gradually adjusting, and there is still a certain probability of a rebound space in the short-term market. The back-and-forth tug-of-war between longs and shorts will not lead to a one-sided market, so we will maintain a strategy of buying on dips for subsequent arrangements.
BTC can go long at 87300-87000, targeting around 89000. Ether can go long at 2945-2925, targeting around 3100.
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The intraday market has broken the strong trend of long positions, showing a continuous pullback momentum. BTC fell to a low near the starting point of the rally at around 87000, with a pullback of nearly 2000 points during the day, while Ether's pullback was relatively weak, dropping to a low near 2945. There was also a downward space of over 100 points. Our morning live trading setup entered a long order near 88100, which perfectly captured over 800 points of BTC, and then in the afternoon, as the market continued to pull back near 87000, we saw an opportunity to go short. We prompted a short near 88700 during midday, and in the afternoon it directly reached the line of 87000, yielding a profit of 1700 points. Following the trend, we also entered a short position on Ethereum at 3000, which directly reached 2945, securing a gain of 55 points. Currently, such a market is difficult to fully control, but to achieve such results during the day can be considered a perfect conclusion.
From the current market perspective, after the intraday price broke below 87000, it did not continue to fall but instead moved into a consolidation phase to build momentum, indicating that there is still support below. At this point, we should not blindly follow the shorts. This signal aligns well with the current correction pattern of the market. From the current structure, there doesn't seem to be much space at the bottom, and the currency price is fluctuating in the 87500 area, with a relatively small range of compression in the movement. The short-term moving averages are basically in a state of convergence and flatness, leaning towards the possibility of maintaining a slightly oscillating trend in the short term. In the smaller time frame, the continuous oscillation and recovery technical patterns are gradually adjusting, and there is still a certain probability of a rebound space in the short-term market. The back-and-forth tug-of-war between longs and shorts will not lead to a one-sided market, so we will maintain a strategy of buying on dips for subsequent arrangements.
BTC can go long at 87300-87000, targeting around 89000. Ether can go long at 2945-2925, targeting around 3100.