Looking at the current market structure, the four-hour chart remains trading within a triangular consolidation zone, with the bottom support gradually shifting upward along the midline, and the highs also rising moderately. Although each pullback is accompanied by long lower wicks that recover losses, the overall rebound has not formed an effective breakout, with poor continuation after each rally attempt and limited volume release. The triangular zone is further converging, and near-term price action space is narrowing. We expect the session to continue with oscillating adjustments, with a new directional move only occurring after a zone breakout. Operationally, before a clear breakout is confirmed, it's recommended to maintain a bearish stance.



**Operating Suggestions:**

BTC: Sell (short) on rebounds in the 70800-71200 zone, target 68000
ETH: Sell (short) on rebounds in the 2100-2120 zone, target 1980
BTC2.64%
ETH3.32%
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
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin