$ETH 4.1 Afternoon Bitcoin and Ethereum Latest Ideas and Analysis



Market fluctuations are unpredictable. Don't let short-term gains or losses disturb your mindset. Control the pace, stay calm, be patient and cautious, and avoid greed or fear. The volatility you've endured will eventually turn into solid profits. In the morning, Bitcoin bulls briefly gained momentum, pushing close to 69,000 but failing to sustain the rally. Ethereum moved in tandem, reaching 2,150 before facing resistance and pulling back. Hold your short positions patiently and wait for the market to realize the trend.

From the current chart, the market is in a critical period of indecision between bulls and bears. The 4-hour MACD momentum is weak, and trading volume has not effectively increased. The market remains in a narrow range before a clear direction is established, with no side holding a decisive advantage. The daily chart still shows a consolidation pattern. The previous downward momentum has weakened, and a short-term technical rebound is possible. However, the overall bearish trend has not reversed, and signs of a trend reversal have not appeared. Do not blindly chase long positions; wait for clear stabilization signals before adjusting your strategy.

Afternoon trading ideas:

• BTC: Short in batches around 69,500-70,000, target 67,500-67,000

• ETH: Short in batches around 2,180-2,200, target 2,100-2,080
ETH5,2%
View Original
post-image
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
Add a comment
Add a comment
No comments
  • Pin