Market Analysis: Looking back at the market during the early hours, it fell from the early high of 112937 to the low point of 109274, where it stopped, and the coin price rebounded accordingly. Currently, the coin price is trading around 11000. Similarly, Ether fell from the early high to the low of 4334 and then stopped, with the coin price rising afterwards. Currently, the coin price is trading around 4380.
The four-hour level shows that the Bitcoin price has experienced a significant fall, with the candlestick pattern displaying consecutive bearish candles, and the decline is accompanied by a large trading volume, indicating strong selling pressure in the market. Our morning strategy can revolve around taking high short positions. The coin can fluctuate around: 110500-111000, target around 108000. The secondary wife can be: around 4400-4450, with a target of around 4320-4250.
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.
Market Analysis: Looking back at the market during the early hours, it fell from the early high of 112937 to the low point of 109274, where it stopped, and the coin price rebounded accordingly. Currently, the coin price is trading around 11000. Similarly, Ether fell from the early high to the low of 4334 and then stopped, with the coin price rising afterwards. Currently, the coin price is trading around 4380.
The four-hour level shows that the Bitcoin price has experienced a significant fall, with the candlestick pattern displaying consecutive bearish candles, and the decline is accompanied by a large trading volume, indicating strong selling pressure in the market. Our morning strategy can revolve around taking high short positions.
The coin can fluctuate around: 110500-111000, target around 108000.
The secondary wife can be: around 4400-4450, with a target of around 4320-4250.
#BTC# #ETH#