A while ago I made an analysis on ETH where I discussed the short-term bearish price action and the bounce that might happen from several areas.

As of today, we've reached the bounce area that I indicated in my previous analysis. In my view, we can expect a bounce of a couple of percent, $1600 target or so.
My longer-term expectation is that we will sooner or later fall through the bounce area support and move back towards the blue support area. Recent news has been overly bearish & BTC has more room to fall before it reaches a strong support area.
Be careful trading this initial bounce. Trying to trade reversals during / shortly after high impact news is rarely a good idea.

As of today, we've reached the bounce area that I indicated in my previous analysis. In my view, we can expect a bounce of a couple of percent, $1600 target or so.
My longer-term expectation is that we will sooner or later fall through the bounce area support and move back towards the blue support area. Recent news has been overly bearish & BTC has more room to fall before it reaches a strong support area.
Be careful trading this initial bounce. Trying to trade reversals during / shortly after high impact news is rarely a good idea.
Nota
Bears are taking control. Bounce was around 2% and we're currently falling through the support.🎯Official Channel: t.me/FieryTradingChannel
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.