Recently, the market for Bitcoin and Ethereum has continued to decline, and this falling trend may persist for some time. Although there has been a slight pullback after two consecutive days of decline, it does not mean that the overall trend has reversed. It is expected that in the coming week, the Crypto Assets market may still face further falling pressure.



For Ethereum, consider shorting in the range of 3560 to 3670, with a stop loss set at 3700. For Bitcoin, you can short in the range of 115000 to 116500, with a stop loss set at 117000.

However, investors need to be cautious about the current market and it is not advisable to blindly chase after bullish trends. Market trends are influenced by multiple factors, including but not limited to the global economic situation, regulatory policy changes, etc. Before making any investment decisions, it is essential to conduct thorough research and risk assessment.

It is worth noting that the Crypto Assets market is highly volatile, and price changes can be rapid and severe. Therefore, even with short-term predictions, it is necessary to stay updated on market dynamics and adjust strategies promptly. For novice investors, it is recommended to first learn relevant knowledge and understand the importance of risk management before entering this high-risk market.
BTC0.59%
ETH2.33%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Share
Comment
0/400
LeekCuttervip
· 5h ago
Just keep playing people for suckers.
View OriginalReply0
GasFeeCryervip
· 08-02 20:51
Get on board and Get Liquidated,吐了!
View OriginalReply0
GasFeeLovervip
· 08-02 20:48
Are we going to eat noodles again?
View OriginalReply0
SerNgmivip
· 08-02 20:45
What big dump? I'm not worried about eating noodles.
View OriginalReply0
StableGeniusvip
· 08-02 20:34
as predicted... weak hands getting rekt. mathematical proof wins again tbh
Reply0
DefiPlaybookvip
· 08-02 20:33
Only by looking at the data can you understand that on-chain, it's all about suckers fighting suckers.
View OriginalReply0
GateUser-beba108dvip
· 08-02 20:26
Continue to blow up bearish traders!
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)