Bitcoin's recent trend is quite clear, clearly within a weak, narrow range. Ethereum, however, exhibits relatively greater volatility, offering greater room for maneuver.
Currently, Bitcoin is expected to maintain this range until at least the end of this month. Regarding Ethereum, the overall trend hasn't reversed. While there have been rebounds, the strength of these rebounds has been noticeably weak. Both Bitcoin and Ethereum prices remain within a downward trend. For short-term trading, we prioritize short positions on rebounds.
Short positions can be established around 113,500 for Bitcoin, with a target of 112,600.
Short positions can be established above 4250 for Ethereum, with a target of 4120.
Currently, Bitcoin is expected to maintain this range until at least the end of this month. Regarding Ethereum, the overall trend hasn't reversed. While there have been rebounds, the strength of these rebounds has been noticeably weak. Both Bitcoin and Ethereum prices remain within a downward trend. For short-term trading, we prioritize short positions on rebounds.
Short positions can be established around 113,500 for Bitcoin, with a target of 112,600.
Short positions can be established above 4250 for Ethereum, with a target of 4120.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
If you have questions about the direction of gold, crude oil, Bitcoin, and Ethereum, you can follow me.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.