## BTC Spot Trading Strategy Analysis



Recently, the performance of the top two cryptocurrencies has diverged. The “big pie” has been surging particularly strongly, once spiking to around 83,000. In contrast, Ethereum’s overall trend has been weaker, with clearly insufficient follow-through strength.

From the order-book data, the big pie has completely broken through the previous dense trading range of heavy positions. There is now a “vacuum” area above, with not many historically traded lots, so the current short-term support and resistance levels are relatively vague. There isn’t enough historical trading data to use as a reference. Last night, after BTC touched the 82,800 high, it began to pull back. The current price is hovering around 81,000. If you look only at the current price action, the risk of going long directly is high, because the market has already entered a short-term downward pullback trend. However, it’s also not advisable to chase shorts straight away. Although the market has started to pull back, the broader market has not completely weakened. The earlier strong uptrend structure has not been broken; at this stage, it can only be defined as a normal pullback from a high level.

When you also consider the technical indicators, on the BTC daily timeframe the MACD bullish momentum shows marginal weakening at the edges, but overall it still maintains a bullish alignment. The RSI indicator has not entered an extreme overbought range. The short-term pullback looks more like the bulls are building up strength rather than a trend reversal. Therefore, in terms of the trading approach, you should continue to stick to the core idea of buying after the pullback stabilizes—don’t chase highs. Wait for the price to retest a valid support level before entering, which is the most reliable strategy right now.

### Specific trading references:

$BTC Buy 79,200-79,600; keep a defense/stop zone of 800 points. First target to reduce is 80,700. If the market breaks out strongly, you can further look at 81,500-82,200.

$ETH Buy 2,260-2,275; keep a defense/stop zone of 40-50 points. First target to reduce is 2,328. If it breaks through, further targets are 2,370-2,420.
BTC-1.5%
ETH-3.56%
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
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
EarnEveryPenny
· 32m ago
Just charge forward 👊
View OriginalReply0
  • Pin