3.8 Large Pancake Ethereum Trend Analysis and Operation Ideas!

CN
22 hours ago

The daily level of Bitcoin shows three consecutive bearish candles, closing again near 67000. After breaking above the upper bound of the range, it quickly retracted. The daily chart successfully created a false bullish trend, leading to a potential spike on the weekly chart. The current resistance level is 68000-69000, and the support level is 67000-66000; Ethereum on the daily level also has three consecutive bearish candles closing around 1900, and previous bulls did not break the upper bound of the range either. It was emphasized that this was the only variable in the trend. The current resistance level is 1980-2050, and the support level is 1900-1850;

At the 4-hour level, Bitcoin's high pullback tests the support at 67000, which remains effective, with resistance at 68000-69000. Ethereum follows the same trend, testing the support at 1920, which is effective, with resistance at 1980-2050! The current market is consolidating sideways; subsequent trading can be done by shorting near the resistance level and going long near the support level!

Trading Strategy:

Short Bitcoin at 68000-68500, targeting 67000-66000, with a stop loss above 69500;

Short Ethereum at 1980-2000, targeting 1930-1850, with a stop loss above 2040;

The strategy is time-sensitive; specific guidance will be based on private real-time instructions!


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