7.3 ETH Trend Analysis and Trading Strategy!

CN
3 months ago

Currently, from the daily chart perspective, Bitcoin spiked to test the 64000 level but still faced pressure and fell back. The daily closing was near 63800, with resistance at 63800 and support at 61800. Ethereum also spiked to test the 3500 level but still faced pressure and closed below 3450. The resistance level is at 3450-3500, and the support level is at 3350. Looking at the 4-hour chart, Bitcoin retraced after the second attempt to test the 63500 level and is currently constrained in the short term by the 62500 level. The next constraint point is 63500, which could be considered a trend reversal signal. Once broken, the bullish trend will resume. Conversely, if the 60000 level is breached, the bearish trend will continue, with a temporary target of around 58000. Similarly, Ethereum is constrained by the 3450-3500 level, and a break below 3350 would signal a continuation of the bearish trend, with a temporary target of around 3200.

Trading strategy: The current bullish rebound trend is facing resistance and is unable to continue. It is recommended to consider shorting at 62000-62500 for Bitcoin, with a target of 61000-60000 and a stop-loss above 63000. For Ethereum, consider shorting at 3420-3450, with a target of 3350-3300 and a stop-loss above 3480.

The strategy is time-sensitive, and real-time guidance is the primary consideration.

For real-time market analysis and trading strategies, follow the professional team's chief analyst Ruoyu in the cryptocurrency circle on WeChat public account "币圈若渝"!

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