BTC encountered resistance and fell 2500 points after reaching our upward target for short selling at 119800. This aligns with our expectations, and a complex fluctuation has occurred in the short term, with the Bollinger Bands contracting, indicating a choice of direction soon. Currently, short positions are dominant. The upper level can continue to focus on 119500-120000. The support below is at 117; if it breaks, we will look at around 1155. It is still in fluctuation. The volatility of Dogecoin is significant, but since we judged that a large head and shoulders pattern could form at that moment, we set up short orders at 3938. After the stop loss at 3745, we positioned long orders. After the pullback near 3880, we continued to enter for shorting. Currently, both BTC and ETH are experiencing a four-hour fluctuation downward pullback. ETH cannot hold above 3890-3920 and continues to look bearish. If the daily chart breaks 3730, a daily level pullback will begin. Only holding above 3810 will allow for an upward movement. If there’s a sudden situation with a violent pump, don’t be afraid; breaking 3850 will continue to short at 3950. For long positions, look near 3655 after breaking 3730. If this round of decline successfully reaches around 3500, we can set up long term long orders.

BTC1.39%
View Original
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
  • 17
  • Share
Comment
0/400
MaDuocaivip
· 07-30 08:02
Following General Wang at a high position
View OriginalReply0
AtThisPoint,AllICanvip
· 07-30 06:01
Analyzing too much, there is no decisive arrangement to enter a position.
View OriginalReply0
View More
ThreeThreeEqualsSixvip
· 07-30 05:14
Quick, enter a position! 🚗
View OriginalReply0
ALittleCrocodilevip
· 07-30 03:01
Hold on tight, we're about to To da moon 🛫
View OriginalReply0
SellPeachBlossomsCheaplyToBuyvip
· 07-30 02:28
Just go for it💪
View OriginalReply0
ThunderBullSteak826vip
· 07-30 02:08
Received
View OriginalReply0
Fosenyvip
· 07-30 01:39
Steadfast HODL💎
View OriginalReply0
LuckyTreasure133vip
· 07-30 00:11
Firm HODL💎
View OriginalReply0
KobayashiUtautavip
· 07-29 23:34
Fluctuation is an opportunity 📊
View OriginalReply0
LuckyYaPandavip
· 07-29 22:26
Just go for it 💪
View OriginalReply0
View More
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)