#BTC Brothers, the deep bear market has officially begun. Currently, the situation with Big Piao and Langzi is tense. If Big Piao truly goes down, then the deep bear market won't be as simple as a monthly decline; it’s very likely to test the seasonal line. Currently observing Bitcoin and Ethereum seasonal lines, strong resistance fractals are awaiting confirmation. The upcoming market trend will continue to favor high positions, with low positions as a supplement. The Bollinger Bands four-hour convergence is imminent, so patience is needed for short positions until the upper band signals a stable entry. For Bitcoin long positions, consider trying once around 69,888, with a stop loss 800 points above and a buffer zone. Then, around 55,555, consider adding long positions with a slightly larger stop loss. The monthly lower band must be tested; there will be a decent rebound. Ethereum around 2021 levels can be bought once more, with a stop loss just below 2000 points. Also, around 1500, a buy opportunity must be tested once. The four-hour Ethereum chart is converging, meaning there’s a 90% chance it will test the upper band. Whether tomorrow or the day after, once a signal appears, you can enter a limit order to short it.



Spot trading plan:
Bitcoin: Place staggered orders from 56,000 to 28,000.
Ethereum: Place staggered orders from 1,600 to 790.
XRP: Place staggered orders from 0.45 to 0.36.
Doge: Place staggered orders from 0.048 to 0.025.
Solana: Place staggered orders from 25 to 10.

Warm reminder: Do not fully commit to altcoins at this moment (only suitable for three-layer positions), especially overly speculative altcoins. The risk of zeroing out is too high.
BTC-3.52%
ETH-4.15%
XRP-1.98%
SOL-5.07%
View Original
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
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
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)