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Top asset management team helps you profit without hassle
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Xiao Huang Yu Afternoon BTC Ether Analysis and Operation Suggestions
In the morning, BTC rebounded to 89600 before quickly closing, retraced to the low point around 87825, then rebounded and consolidated in the 88900 area. Ether synchronized with BTC's rhythm, retracing from 3060 to the vicinity of 2966, and then rebounding to the vicinity of 3020 for consolidation.
The current price has not effectively broken through the previous high, and the divergence from the moving average is gradually widening; more critically, the trading volume during the upward process has not increased in tandem, which directly reflects a decline in bullish momentum. The price is likely to retrace downwards, with resistance levels being maintained near the early resistance level for positioning short positions.
In operation, short positions on BTC are arranged around the 89500-89000 range.
Ether is laying short positions around 3050-3030.