The Bitcoin market performed relatively steadily today, with prices fluctuating between 1140 and 1156 dollars, and an overall fluctuation of about 1600 points. In contrast, the Ethereum market experienced more intense fluctuations, rebounding from a low of 3490 dollars to a high of 3716 dollars, demonstrating strong market momentum.



Currently, our short position has been adjusted from 1140 to 1146 USD, maintaining a position of 5 Bitcoin. Previously, we recommended entering short around 1150 USD, with a peak reaching 1156 USD. For investors who have already participated, it is advised to continue holding and observe the market developments.

From the technical analysis of the one-hour candlestick chart, Bitcoin has formed an inverted shape, which usually indicates a possible pullback. The next trend will depend on the strength of this pullback.

We set the first take-profit point at $1140, which happens to be the starting point for Bitcoin when the US stock market opens. The second take-profit target is around $1130. If the price falls below this level, we may see further decline to $1118.

Investors should closely monitor market trends and adjust their strategies accordingly. Remember, the cryptocurrency market is characterized by significant fluctuations, and investments should be made with caution; effective risk management is crucial.
BTC-0.25%
ETH2.89%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Share
Comment
0/400
OnchainDetectiveBingvip
· 7h ago
We still have to watch the performance of the US stock market.
View OriginalReply0
AirdropBuffetvip
· 7h ago
Drawing Candlestick charts on paper again.
View OriginalReply0
StablecoinArbitrageurvip
· 7h ago
*adjusts spreadsheets* actually ur ignoring the cex-dex arb spread here
Reply0
StopLossMastervip
· 8h ago
Just withdraw and it's done.
View OriginalReply0
OnChainDetectivevip
· 8h ago
typical whale manipulation pattern detected... y'all really think this is organic price action? smh
Reply0
MevShadowrangervip
· 8h ago
Bearish to the end, brothers let's get started.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)