Friday Morning Bitcoin and Ethereum New Insights:


The market is not testing technology, but human nature; overcoming greed and fear is winning half the battle. Last night Bitcoin broke below 69,000 and slowly rose to today's early morning high of 70,695. Ethereum rose from last night's low of 2,129 to this morning's high of 2,154.

Shifting focus to the 4-hour timeframe, after price pierced the important psychological level of 70,000, it exhibited weak oscillation near 69,000. Observing the moving average system, we can see that the moving averages are in a bearish alignment, which further confirms that bearish forces have the advantage in the market. Based on the above analysis, it is recommended to focus on shorting bounces. #Gate13周年全球庆典

Friday Morning Trading Suggestions:
Bitcoin short near 71,000, target 69,500
Ethereum short near 2,180, target 2,100
BTC-0,69%
ETH-0,64%
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