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#Which tokens in the Pilot Section are you keeping an eye on?
Encryption market analysis: Short-term selling opportunities for BTC and ETH❗️
#GateOpinionQuest #CryptoObservers #escoin #elg
Recently, the Cryptocurrency market has shown a clear downward trend. The price of BTC (BTC) has dropped from $66,500 to $60,000, and rebounded to $60,200 overnight. This decline validates the previously mentioned scenario of a drop of over $66,000.
As a strategy, we continue to conduct real account trading, shorting Bitcoin through swing trading, and earning about 4000 points in profit. During this period, Ethereum (ETH) also gained a profit of 200 points. The overall market conditions are unstable, which led to a price decline.
The decline in the US stock market has also brought additional pressure to Crypto Assets. Therefore, it is expected that the overall market trend will not be upward, and it is recommended to focus on high short positions.
In short:
- For BTC, shorts trading should be conducted within the range of $62,500 - $62,000, with the target set at $60,000.
- ETH should be traded in the range of $2,530 - $2,500 for short positions and the target should be set at $2,400.
Considering market conditions, it is wise to continue executing the current strategy and profit from the downtrend.