Post

SaniaETH
SaniaETH
The market analysis is as follows: The current position is characterized by intense long-short battles. Ethereum has stabilized above 1890-1900, and Bitcoin has stabilized above 64000/64500. Priority should be given to long positions, avoiding short positions, as the profit potential for long positions is greater than that for short positions. The 4-hour chart shows a poor pattern, but the 120-day moving average has not yet been breached. If a sell-off occurs, most Ethereum bulls will set their defensive stop-loss between 1880-1900, while most Bitcoin bulls will set theirs at 64,000. After exiting with a stop-loss, most traders will likely turn around and go short. Positioned chips situation BTC short positions are mainly concentrated in the range of 62,000 to 64,000. ETH short positions are trapped and should be concentrated in the range of 1780-1880. Short sellers are generally unwilling to cut their losses, which can fuel a market rally. When short positions accumulate to a certain level, the market can be driven upward by margin calls without requiring a large influx of new capital. Only during a breakout does some capital need to be used to push the market higher. Target position $BTC long positions target 72,000. $ETH long positions target 2150-2200 Key Position $ETH 4-hour 120-day moving average 1890/1900 BTC 4-hour chart does not fall below 64,000/64,500. As long as it does not fall below this range, blindly bullish sentiment suggests that the final dance of the market has not yet ended, and there is still room for upward movement. The effective breakdown indicates a shift to bearish sentiment, with significant downside potential, signaling the end of this round of bullish market activity.$BTC $ETH

Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more

Replies

No comments yet. Be the first to reply!