Bitcoin Ethereum Evening Market Analysis

The pace of the Asian-European session is still somewhat weak. Although there is a rebound, it has not reclaimed and stabilized above the 82,000 area. So at the US session timing/milestone, continue to watch for weakness and a pullback to the downside and southward. Liquidity is limited—be patient and wait for volume to build. Don’t ask where the car is heading; first check whether you’re on the car.

As for the shorts I publicly flagged this morning in the Bitcoin 81,000-81,500 range, the first target is to see it break through below 80,000. There may be a wick that briefly pierces and then quickly rebounds, so don’t be greedy. Once price confirms support on the downside, then consider reversing to go long at the lower point.