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#GateSquareAprilPostingChallenge
Analysis of Live Broadcast Records: BTC has been ranging at 65000 for two months:
First, BTC has faced resistance at 69000 for two months now, and every time it reaches this level, it drops sharply, so this is a pressure point for the bearish trend. Even if it breaks through, it cannot serve as support afterward.
The short-term scalp support below is 65088, general support is 63888, and the significant support for making big profits is 60088 (which has never been tested twice).
Second, ETH has touched the resistance range of 2138–2200 around 14 times in the past two months, and 12 times it has dropped significantly after reaching this level, with 2 false breakouts to 2388. Therefore, 2138–2200 remains a resistance for shorting. The scalp support below for ETH is 1958, the support of 1838 which hasn't been tested for a long time, and the extreme point of 1788 has never been tested twice.
Summary: The weekend's range trading has taken a little profit, and it’s not the rises or falls that are scary, but the ranging. After a big rise, the most profit can be made by shorting, but after a big drop, it might still fall further, as it is a bearish trend. #BTC