Monday Morning Bitcoin and Ethereum Latest Market Analysis
Looking back at the long position strategy given at midnight yesterday, there wasn't much volatility in the evening session. However, in the morning, it continuously declined, breaking the expected support level and stopping at the low point near the 93900 line. We emphasized during midnight to first test short positions, and once it broke below the 95000 mark, we would then consider long positions. This was slightly beyond our expectations. Currently, the live market is fluctuating around the 94000 line, and we still maintain our strategy of buying on dips in the morning.
The daily chart has once again closed in the red, with consecutive bearish candles causing a weaker short-term trend. Meanwhile, the moving averages are moving downwards, and the MACD indicator shows an overbought signal, about to form a death cross, indicating signs of further declines in the larger timeframe. On the 4-hour chart, the price surged and then retreated, with a phased decline causing the price to break below the lower boundary. Although the short-term trend is weak, the price is still operating within the box. The focus will be on two key levels: support at 940 and 930. Only a valid break below this support will open up more space below. Until the price breaks below the support level, we will first consider entering low long positions.
Trading Suggestions:
Bitcoin 93000-93500 range, target 95000.
Ethereum 1730-1760 range, target 1850.
#比特币 #比特币走势分析
Looking back at the long position strategy given at midnight yesterday, there wasn't much volatility in the evening session. However, in the morning, it continuously declined, breaking the expected support level and stopping at the low point near the 93900 line. We emphasized during midnight to first test short positions, and once it broke below the 95000 mark, we would then consider long positions. This was slightly beyond our expectations. Currently, the live market is fluctuating around the 94000 line, and we still maintain our strategy of buying on dips in the morning.
The daily chart has once again closed in the red, with consecutive bearish candles causing a weaker short-term trend. Meanwhile, the moving averages are moving downwards, and the MACD indicator shows an overbought signal, about to form a death cross, indicating signs of further declines in the larger timeframe. On the 4-hour chart, the price surged and then retreated, with a phased decline causing the price to break below the lower boundary. Although the short-term trend is weak, the price is still operating within the box. The focus will be on two key levels: support at 940 and 930. Only a valid break below this support will open up more space below. Until the price breaks below the support level, we will first consider entering low long positions.
Trading Suggestions:
Bitcoin 93000-93500 range, target 95000.
Ethereum 1730-1760 range, target 1850.
#比特币 #比特币走势分析
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
94,534.93
-0.98%
ETH
1,813.83
-0.89%