Friday Morning Bitcoin and Ethereum New Perspective:


The market is not testing technology, but human nature; overcoming greed and fear is winning half the battle. Last night, Bitcoin fell 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.

Turning attention to the 4-hour timeframe, after the price broke through the important psychological level of 70,000, it exhibited a weak oscillating trend near 69,000. Observing the moving average system, the moving averages have formed a bearish alignment, which further confirms that bearish forces are gaining advantage in the market. Based on the above analysis, it is recommended to focus on selling bounces. #Gate13周年全球庆典

Friday Morning Trading Recommendations:
Bitcoin short near 71,000, target 69,500
Ethereum short near 2,180, target 2,100
BTC-0.26%
ETH-2.43%
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