Xiao Yao kol: 3.2 Midday Bitcoin and Ethereum Market Analysis
Recently, Bitcoin's price has been fluctuating at a high level, with multiple candlesticks showing long upper shadows, indicating heavy selling pressure above. The current price is oscillating around the 85500-86500 range, and the 4-hour chart shows a converging triangle consolidation pattern. The MACD green bar momentum has not significantly weakened, but the KDJ has entered the oversold area, indicating a short-term technical rebound demand. The key support level on the daily chart is at 84000-84300; if it breaks down, it may further drop to 83000.
Ethereum is highly synchronized with Bitcoin, with prices oscillating in the 2140-2250 range. The 4-hour Bollinger Bands are narrowing, and short-term focus should be on the breakout situation at the 2200-2250 resistance level. If the daily support at 2140-2160 is lost, it may drop to 2100. In the next 4 hours, the market will primarily oscillate within a range, with Bitcoin focusing on 84000-86500 and Ethereum on 2140-2250, combining high sell and low buy with technical signals for operation.
Operational advice: Focus on buying during rebounds, entering Bitcoin near 86800 to 86300, targeting around 84500; entering Ethereum near 2270 to 2240, targeting around 2170.
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