#战略性加仓BTC $ETH Night Trading Review | How to Read Technicals🔥
The main cryptocurrencies' market characteristics today are very clear — the upward momentum is beginning to weaken.
Based on on-chain data and large holder position changes, the 2875 price level has become a key area for liquidations. The US stock market usually experiences volatility during the evening open, and if a decline occurs, long positions in this zone may be rapidly closed. This presents an ideal profit-taking opportunity for us.
Looking at the candlestick structure, the short-term high has been reached, so it’s advisable to seize this correction to short. The logic for heavy short positions is also here — waiting for a confirmed downward breakout, then quickly taking profits.
Don’t forget $BTC ’s accumulation logic; its long-term value still holds. But in this current time window, $ETH ’s short-term opportunities are more worth paying attention to.
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.
11 Likes
Reward
11
4
Repost
Share
Comment
0/400
AlphaLeaker
· 12-30 12:43
Position 2875 is indeed risky. Be careful with long positions, brothers.
View OriginalReply0
LuckyBlindCat
· 12-30 12:43
2875 Nabo short position is really satisfying, just waiting for the US stock market to open and drop.
View OriginalReply0
ImpermanentLossFan
· 12-30 12:32
Position 2875 is indeed risky; you need to act quickly...
View OriginalReply0
AirdropChaser
· 12-30 12:24
That 2875 level is really a meat grinder. Let's wait and see if the US stock market opens and drops straight down.
#战略性加仓BTC $ETH Night Trading Review | How to Read Technicals🔥
The main cryptocurrencies' market characteristics today are very clear — the upward momentum is beginning to weaken.
Based on on-chain data and large holder position changes, the 2875 price level has become a key area for liquidations. The US stock market usually experiences volatility during the evening open, and if a decline occurs, long positions in this zone may be rapidly closed. This presents an ideal profit-taking opportunity for us.
Looking at the candlestick structure, the short-term high has been reached, so it’s advisable to seize this correction to short. The logic for heavy short positions is also here — waiting for a confirmed downward breakout, then quickly taking profits.
Don’t forget $BTC ’s accumulation logic; its long-term value still holds. But in this current time window, $ETH ’s short-term opportunities are more worth paying attention to.