Having afternoon tea with a beautiful woman, and while you’re at it, chat about today’s view on the overall market🔥🔥🔥



The market performance is extremely sluggish. Currently, $BTC has been steadily increasing and breaking through 76000 on continuously expanding volume over the past week, reaching and consolidating around 78800. 78800 is right where it adheres to the upper Bollinger Band, but below, there is clear intraday support around 77500 that lifts the price, preventing a near-term “waterfall” drop.

But looking again at $ETH : the day before yesterday, after Ethereum surged to around 2400, the price once again met resistance and fell. This shows that there is some sell pressure sitting around 2400. Intraday, Ethereum’s earliest resistance is constrained by the 10-day MA around 2350, so before any major positive news, we still adopt a high-short (sell from above) mindset.

After Ethereum touched 2300 at midday, the price rose slightly, but the 4-hour rebound lacked strength. At 2:00 p.m., it closed around 2315 and then was pressured back down. Today, closely watch: if the price continues to fall, the next key support is around 2280. So today you can take a position following the trend, with a stop loss set at 2350. For direct trading, you can set the stop at 2285, which also happens to be the doubling.
BTC0,71%
ETH-0,05%
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