Morning Analysis: In the morning, both BTC and Ether experienced a strong pump, transitioning from the short positions' consolidation trend over the weekend to a long positions trend. Following this rise, there was a 15-minute Bearish line with higher trade volumes, indicating pressure in the short term. The position for BTC to turn bearish is around 88300, and for Ether, it is around 2990. According to Fibonacci and vp, these two positions are key levels for the day. If these two levels are not broken down during the day, and a pullback forms an inverted V shape, it may be worth attempting to capture a long order.
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.
Morning Analysis: In the morning, both BTC and Ether experienced a strong pump, transitioning from the short positions' consolidation trend over the weekend to a long positions trend. Following this rise, there was a 15-minute Bearish line with higher trade volumes, indicating pressure in the short term. The position for BTC to turn bearish is around 88300, and for Ether, it is around 2990. According to Fibonacci and vp, these two positions are key levels for the day. If these two levels are not broken down during the day, and a pullback forms an inverted V shape, it may be worth attempting to capture a long order.