Is the BTC pullback an opportunity or a trap? Can ETH still surge?
Hello everyone, I just reviewed the market and would like to break down the current opportunities and risks for you. BTC 1-hour chart: After the plunge, can the bulls hold on?
Today, it has dropped from a high of almost 76000, directly breaking below MA7/MA25, and the RSI is almost touching the oversold zone.
Support level below: 73000, this is the bulls' last "lifeline". Resistance level above: 74000
My judgment: It’s a tug-of-war between bulls and bears right now. If 73,000 cannot hold, it is very likely to test lower; if it can stabilize, a rebound for a small profit is possible, but don’t blindly catch the falling knife, wait for signals!
ETH 4-hour chart: The toughest guy in the arena! Even with BTC dropping like this, it is still standing on MA7, simply a counter-market champion.
Support level below: 2300-2250
Resistance level: 2390
BTC trading advice
Go long
Entry: Around 72500 on pullback, Stop loss: 72000, Take profit: 74200 → 75500
Short position
Entry: Around 74300, Stop loss: 75000, Take profit: 72300 → 71500
ETH trading advice
Go long
Entry: Around 2260, Stop loss: 2240
Take profit: 2360 → 2400
Short position
Entry: 2350, Stop loss: 2380
Take profit: 2300-2260
The above are personal suggestions for reference only.
Don’t go all in! Keeping some bullets is more important than anything else.
Don’t chase highs or panic sell, only act at key levels.
The above is just my personal rambling, profits and losses are your own responsibility.
Is it time to catch the bottom or lie flat? Comment below 👇#BTC #ETH #行情分析