Bitcoin's current price is around 90,350, and there are many short-term bearish opportunities. The area between 90,800 and 91,300 faces significant resistance, making a breakout difficult. On the downside, the space is relatively wide, with good support levels at 88,500, 86,000, and 83,800. From this perspective, shorting at the current price still makes sense.
Ethereum's situation is similar; the current price around 3,054 also suggests a bearish approach. Set the stop-loss at 3,132, and the take-profit levels can be flexibly adjusted based on market volatility. Regardless, the scope of this downward move is indeed worth paying attention to, especially for traders who are accustomed to shorting.
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LoneValidator
· 12h ago
The bearish approach is not bad, but I feel this wave of resistance levels is a bit fake.
It's safer to short from around 83,800; following the trend now makes it easy to get caught.
Ethereum still depends on BTC's direction; analyzing it alone isn't meaningful.
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StakeOrRegret
· 12h ago
The bearish outlook is not bad, but I think the downside potential in this round could be even greater.
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ColdWalletAnxiety
· 12h ago
The bears are back, see you at 83,800? I only trust spot trading in this wave.
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TokenDustCollector
· 12h ago
The short-selling approach is indeed tempting, but I always end up crashing here haha
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DAOdreamer
· 12h ago
The bearish situation is indeed valid; the 88,500 level must be held.
Bitcoin's current price is around 90,350, and there are many short-term bearish opportunities. The area between 90,800 and 91,300 faces significant resistance, making a breakout difficult. On the downside, the space is relatively wide, with good support levels at 88,500, 86,000, and 83,800. From this perspective, shorting at the current price still makes sense.
Ethereum's situation is similar; the current price around 3,054 also suggests a bearish approach. Set the stop-loss at 3,132, and the take-profit levels can be flexibly adjusted based on market volatility. Regardless, the scope of this downward move is indeed worth paying attention to, especially for traders who are accustomed to shorting.