Morning Analysis

In the early morning, Bitcoin dips below the 76,900 level, Ethereum retraces to the 2,280 level and then slightly rebounds. The market appears to stabilize and warm up, but in reality, it is a trap for false signals.

Currently, the rebound volume is severely lacking, and the false stop-loss confuses retail investors' eyes. The weekly chart shows consecutive gains, but this is just a false impression of stagnation at high levels. The daily chart oscillates back and forth, essentially indicating that the main force is selling in batches at high levels and shaking out and absorbing orders. The large-scale downtrend has long been prepared, and the downward arrow is on the bowstring! Do not be fooled by false rebounds; blindly bottom-fishing will only turn you into a bagholder. The current pattern suggests that shorting on rallies is the way to go.
Trading Suggestions
Short positions around 78,600-79,100 for Bitcoin, target around 76,600-77,100
Short positions around 2,350-2,380 for Ethereum, target around 2,220-2,250$BTC $ETH #Gate13周年现场直击