The daily chart structure has broken below the short-term upward trend line, invalidating the support and increasing the probability of a further decline to previous lows.
Short-term trading strategy:
- BTC: Short at 8.7-8.75 rebound zone, stop loss above 8.85, target at 8.4-8.3. - ETH: Short simultaneously at 3010-3030 zone, stop loss above 3060, target at 2920-2900
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The daily chart structure has broken below the short-term upward trend line, invalidating the support and increasing the probability of a further decline to previous lows.
Short-term trading strategy:
- BTC: Short at 8.7-8.75 rebound zone, stop loss above 8.85, target at 8.4-8.3.
- ETH: Short simultaneously at 3010-3030 zone, stop loss above 3060, target at 2920-2900