5.9 Evening Thoughts
In the afternoon, Bitcoin first dropped to around 102300, then climbed to around 104300, before pulling back to around 102300, and is currently oscillating and rebounding to around 103300.
Ethereum started in the afternoon session from around 2200, and as bullish momentum increased, the price rose to around 2490, then fell back to around 2290, currently showing oscillation around 2345.
From the four-hour K-line structure, Bitcoin's bullish momentum has weakened, with the price hovering near the upper Bollinger Band; observing the one-hour K-line structure reveals signs of increasing bearish strength in Bitcoin.
Bitcoin trading strategy: Sell on the rebound near 103500-104500, targeting around 101000.
Ethereum trading strategy: Sell on the rebound near 2420-2470, targeting around 2300.
In the afternoon, Bitcoin first dropped to around 102300, then climbed to around 104300, before pulling back to around 102300, and is currently oscillating and rebounding to around 103300.
Ethereum started in the afternoon session from around 2200, and as bullish momentum increased, the price rose to around 2490, then fell back to around 2290, currently showing oscillation around 2345.
From the four-hour K-line structure, Bitcoin's bullish momentum has weakened, with the price hovering near the upper Bollinger Band; observing the one-hour K-line structure reveals signs of increasing bearish strength in Bitcoin.
Bitcoin trading strategy: Sell on the rebound near 103500-104500, targeting around 101000.
Ethereum trading strategy: Sell on the rebound near 2420-2470, targeting around 2300.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
103,819
+0.35%
ETH
2,529.82
+6.85%