The short-term outlook for the double bottom is bearish, with an imbalance between longs and shorts leading to weak defense by the bulls. The price is being repeatedly suppressed by moving averages above, making it difficult to break through key resistance levels. Meanwhile, support below is vulnerable due to decreasing trading volume. Market sentiment is cautious, with low willingness for funds to enter, making a reversal unlikely in the short term. The bearish momentum is still being released.



Trading suggestion: Around 2940-2970, with a downside target of 2890-2860. If broken, continue to look lower.
ETH0,45%
BTC-0,91%
XRP-3,11%
View Original
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
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt