The market remains weak and volatile in the early trading session, with no significant volume breakthroughs from either bulls or bears. The overall trend continues to be dominated by a bearish bias. From the market structure perspective, key resistance levels above are gradually moving lower, with each rebound peak decreasing, indicating that the rebound momentum is continuously weakening. Short-term rebounds are already showing clear signs of fatigue and are unlikely to form effective upward breakthroughs.
Currently, prices are repeatedly consolidating at low levels without signs of stabilization. The probability of testing key support levels again or even breaking downward remains high. Until there is a clear trend reversal, it is not recommended to blindly buy the dip or go long. Maintain a core strategy of riding the trend with cautious short positions, and consider deploying orders in stages around resistance zones.
Operational Suggestions - For Bitcoin, consider short positions in the 65,300–65,500 range, with targets around 62,500–63,500. - For Ethereum, consider short positions in the 1,880–1,900 range, with targets around 1,750–1,800.
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.
2-24 Morning BTC, ETH Market Strategy Sharing
The market remains weak and volatile in the early trading session, with no significant volume breakthroughs from either bulls or bears. The overall trend continues to be dominated by a bearish bias. From the market structure perspective, key resistance levels above are gradually moving lower, with each rebound peak decreasing, indicating that the rebound momentum is continuously weakening. Short-term rebounds are already showing clear signs of fatigue and are unlikely to form effective upward breakthroughs.
Currently, prices are repeatedly consolidating at low levels without signs of stabilization. The probability of testing key support levels again or even breaking downward remains high. Until there is a clear trend reversal, it is not recommended to blindly buy the dip or go long. Maintain a core strategy of riding the trend with cautious short positions, and consider deploying orders in stages around resistance zones.
Operational Suggestions
- For Bitcoin, consider short positions in the 65,300–65,500 range, with targets around 62,500–63,500.
- For Ethereum, consider short positions in the 1,880–1,900 range, with targets around 1,750–1,800.