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🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
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9.10 trading strategy
Yesterday's BTC short trading strategy could profit 2500 points (1 point = 1 dollar spread)
Bitcoin and Ethereum have been oscillating at local low levels recently, awaiting a breakout. It is estimated that a direction will emerge this week.
Key resistance for BTC is 113200-113600. If it doesn't break, we maintain a bearish outlook. A breakthrough will strengthen the short term.
The key resistance for ETH is at the 4500 line. After breaking through, it will strengthen in the short term, the adjustment will end and it will resume the upward trend, overall stronger than BTC.
Today's trading strategy
BTC: Continue the weekly trading strategy to short, continue to short between 113200-113600, with a stop loss at 114500.
(For details on the weekly short selling strategy, see yesterday's analysis)
#BTC #ETH