8.1 Thought Analysis



The four-hour chart shows that the Bollinger Bands are gradually widening, with the market forming four consecutive bearish candles and successfully breaking below the lower Bollinger Band, indicating that the bearish forces are in absolute dominance.

Although the 116,000 level below provides some psychological support, given the current strong momentum, any rebound is likely to be limited in strength. Therefore, we still maintain a high momentum strategy in the morning.

Operation Suggestions
The pancake rebounded to around 1160-1165 for a short position, target.
around 1150
Short near 3740-3770 for Ethereum, target around 3650.
#区块链 #
BTC-0.32%
View Original
post-image
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
0/400
No comments
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)