You cannot control the market's direction, but you can control your position, mindset, and rhythm. Stay calm and composed, avoid being disturbed by the trend, and respond with confidence—that is the hallmark of a winner. Looking back at the early morning market, Bitcoin continuously retreated from the high of around 67,614, dropping to a low of 66,200 before stopping, then rebounding slightly. Currently, the price remains around 66,700. Ethereum followed suit, dropping sharply from the high of 2,078 in the early morning to a low of 2,012 before stabilizing, and now rebounding to around 2,030.



From the current chart, the four-hour divergence structure has been confirmed, and Ethereum was the first to break below a key support level. Market sentiment has shifted from oscillating bullish to oscillating bearish. On the one-hour chart, the rebound failed to effectively break above this moving average, which is a typical sign of weakness. The MACD indicator shows that both DIF and DEA are below the zero line. Although a golden cross has appeared, it is a weak golden cross below the zero line, and the histogram has not turned red effectively. The indicator is repairing with sideways movement instead of a rebound, signaling a false breakout. Therefore, this morning, Old Ma will continue with a high-short strategy.

Tuesday morning outlook:
Bitcoin: Short around 67,100, target 66,100
Ethereum: Short around 2,060, target 1,980
BTC-2,85%
ETH-3,09%
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
Add a comment
Add a comment
No comments
  • Pin