Monday, Morning Bitcoin and Ethereum Trading Insights

There wasn't much volatility in the market during the early morning, with Bitcoin fluctuating around 95000. This morning, it suddenly dropped, reaching a low of 94500, which happens to be the lower edge of the recent upward channel. For now, the support seems quite strong. Ethereum has gradually retreated from 1841, stabilizing at 1810. This pullback, to put it simply, is just some short-term profit-taking after continuous gains, causing the price to drop a bit, but the overall upward trend is still intact.

Technical Analysis Overview

On the 4-hour chart, the Bollinger Bands (a tool used to see trends) show that the price had deviated quite far from the middle line, but now the lower band is starting to flatten out, indicating that the downward pressure of the past few days is gradually decreasing. The MACD indicator (used to gauge strength) has its fast and slow lines starting to converge below the zero line, and the green energy bars are getting shorter, which signals a weakening of bearish momentum. If the price can break through the middle line and the trading volume gradually increases, we may see a shift from a downtrend to a sideways uptrend. This morning, we are looking for a bullish rebound to recover losses.

Trading Recommendations

Bitcoin: Long at 94000-94500, targeting 96500

Ethereum: Long at 1770-1800, targeting 1900#MichaelSaylor暗示增持BTC #欧盟隐私币禁令 #非农就业数据来袭 #币安HODLer空投STO #数字资产法案