Sunday Afternoon Bitcoin and Ethereum Latest Market Analysis and Trading Suggestions
As the market progresses to Sunday afternoon, after the major cryptocurrencies have completed their range oscillations, they begin to stabilize. Having spent several late nights focused on real trading operations, Old Tian is taking a moment to rest. Bitcoin has been in a continuous decline since the morning, approaching a support level before starting to rebound, with Ethereum closely following. In the afternoon, we still maintain the strategy of buying on dips; aggressive traders can consider shorting lightly to catch the pullback, and then lay out long positions when the price declines to our psychological expectations.
The 4-hour chart of Bitcoin shows a spike followed by consecutive bearish candles retreating to the mid-band, generally oscillating around the range provided yesterday. The competition between the trendline and the mid-band is ongoing, currently opening near the mid-band, while the daily line closes lower, increasing the likelihood of losing the mid-band. The market may oscillate some more during the day, so pay attention to the strength and weakness transitions. The fluctuations are significant, and the pattern changes quickly. The rhythm may be a roundabout and repetitive oscillating upward pattern. As long as the previous day's low support holds, we can continue to observe for extension.
The 4-hour chart of Ethereum is currently consolidating. This week, it has faced pressure at the upper band twice and has retreated to oscillate around the mid-lower band, without breaking out of the range. For now, it oscillates between the upper and lower bands, and after a low-point rebound, it remains to be seen whether it will stabilize and rise or be hindered and fall back. Short-term trading continues to be contesting; for today, treat it as oscillating and continue to participate around the high and low points of the range. Friends who have not yet entered the market can continue to intervene around the provided range for long positions, maintaining good risk management to aim higher.
Trading Suggestions:
Buy Bitcoin in the range of 107500-107000, targeting 109000.
Buy Ethereum in the range of 2470-2500, targeting 2600.
#比特币 #比特币走势分析
As the market progresses to Sunday afternoon, after the major cryptocurrencies have completed their range oscillations, they begin to stabilize. Having spent several late nights focused on real trading operations, Old Tian is taking a moment to rest. Bitcoin has been in a continuous decline since the morning, approaching a support level before starting to rebound, with Ethereum closely following. In the afternoon, we still maintain the strategy of buying on dips; aggressive traders can consider shorting lightly to catch the pullback, and then lay out long positions when the price declines to our psychological expectations.
The 4-hour chart of Bitcoin shows a spike followed by consecutive bearish candles retreating to the mid-band, generally oscillating around the range provided yesterday. The competition between the trendline and the mid-band is ongoing, currently opening near the mid-band, while the daily line closes lower, increasing the likelihood of losing the mid-band. The market may oscillate some more during the day, so pay attention to the strength and weakness transitions. The fluctuations are significant, and the pattern changes quickly. The rhythm may be a roundabout and repetitive oscillating upward pattern. As long as the previous day's low support holds, we can continue to observe for extension.
The 4-hour chart of Ethereum is currently consolidating. This week, it has faced pressure at the upper band twice and has retreated to oscillate around the mid-lower band, without breaking out of the range. For now, it oscillates between the upper and lower bands, and after a low-point rebound, it remains to be seen whether it will stabilize and rise or be hindered and fall back. Short-term trading continues to be contesting; for today, treat it as oscillating and continue to participate around the high and low points of the range. Friends who have not yet entered the market can continue to intervene around the provided range for long positions, maintaining good risk management to aim higher.
Trading Suggestions:
Buy Bitcoin in the range of 107500-107000, targeting 109000.
Buy Ethereum in the range of 2470-2500, targeting 2600.
#比特币 #比特币走势分析
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BTC
107,461.08
-1.31%
ETH
2,516.99
-1.36%