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- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
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Dare to trade. Dare to win.
Will BTC and ETH see a turning point for short positions in the early morning?
From a short-term perspective, the bullish energy has been released. After BTC surged above 116000, the price has frequently faced resistance at 116800. Although there is no strength for a short-term pullback, the upward momentum is also weakening. At the same time, ETH is also showing lower highs, with a three consecutive bearish candlestick pattern on the hourly chart. The KDJ lines are turning downward, indicating a short-term need for a pullback. In the future, key levels to watch are the resistance at 116800 and 3880. If it doesn't break, the short positions will face a significant pullback. Friends in the short positions, let's wait together for the flowers to bloom. #PI# #BTC# #ETH#