In the rapidly changing field of Crypto Assets, decisions often need to be made in a very short time. Faced with potential losses, many investors may choose to evade or deny their judgment errors. However, true wise individuals can bravely confront their mistakes and view them as opportunities for growth. Only by acknowledging and deeply analyzing these mistakes can valuable lessons be learned to avoid repeating them in the future.



Last night, the Bitcoin market showed a strong rebound momentum. The price started to climb from a low of 99,547 and reached a high of 106,050 during morning trading. Ethereum also exhibited a similar trend, rising from a low of 2,190 to a morning high of 2,382.

From the current market situation, the four-hour chart shows that after a brief pullback, the price has once again exhibited a three consecutive bullish trend, climbing to the upper band of the Bollinger Bands. However, the upper band of the Bollinger Bands seems to present a clear resistance to the price, hindering further breakthroughs. The bullish momentum gradually weakens after encountering pressure from above, which can be seen from the long upper shadow of the bullish candle.

The one-hour level chart shows a more obvious one-sided upward trend, with prices breaking through the upper Bollinger Band. However, the upward trend has slowed down. The three lines of the KDJ indicator have all entered the overbought zone and show signs of turning down, which indicates that the market may be facing a correction soon.

Based on the above analysis, investors may consider adopting a short-selling strategy when the Bitcoin price approaches 106,000, with a target price set around 103,500. For Ethereum, a short-selling position can be considered around 2,450, with a target price of approximately 2,350.

However, it is important to emphasize that the inherent high volatility of the Crypto Assets market means that situations can change at any time. Investors should remain vigilant at all times, closely monitor market trends, and timely adjust their investment strategies based on the latest developments.
BTC-1.71%
ETH-3.93%
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
  • 5
  • Repost
  • Share
Comment
0/400
PanicSellervip
· 06-24 00:50
Brothers, I'm so screwed.
View OriginalReply0
DefiEngineerJackvip
· 06-24 00:44
*sigh* actually your ta is fundamentally flawed... using simple bollinger bands in 2024? ngmi ser
Reply0
GraphGuruvip
· 06-24 00:43
btc trading with 10x leverage is a gift.
View OriginalReply0
SerumSqueezervip
· 06-24 00:38
You're talking nonsense.
View OriginalReply0
CommunityJanitorvip
· 06-24 00:21
You have to lose half to learn trading.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)